China ETFs: Mark Mobius sees reasons to be optimistic on China
Feb 12th, 2012 | By Simon Smith, CFADespite some slowdown in 2011, China remains one of the fastest-growing major economies in the world. Legendary investor Dr Mark Mobius sees numerous reasons to be positive. “With a population base of 1.3 billion people, consumerism has flourished in China. Rising per capita income and a strong demand for consumer goods and services mean the earnings growth outlook for stocks linked to this theme is positive.” Mobius also believes that the renminbi could become a global reserve currency by 2020.