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Chinese economy unlikely to experience hard landing: BlackRock

Updated: Jun 24,2015 5:10 PM     Xinhua

HONG KONG — Although China’s economy is slowing, it is unlikely to experience a hard landing, according to a report released in Hong Kong on June 24 by BlackRock, the world’s largest investment manager.

The report said Chinese economy is faced with a series of challenges, but “We believe China can meet these challenges,” highlighting that Chinese policymakers appear aware of the risks, have credible long-term plans and short-term tools to address them.

Helen Zhu, head of China equities at BlackRock, said that despite slowing growth in China, recent structural reforms in the economy and capital markets have boosted the performance of China’s equity markets.

“We are seeing attractive investment opportunities in selected banks, property developers, new energy and small- and medium-sized companies in the H-share market. Companies that benefit from domestic demand and structural reforms will be the winners,” Zhu added.