An investments analyst has predicted a "good performance" from stocks and shares in China's big companies over the coming months.
Henk Potts, equity strategist at banking investments offshoot Barclays Stockbrokers , has made the forecast after reviewing the recent returns on Chinese investments.
According to the banking group, investments company Gartmore's China Opportunities Fund has experienced growth of 164 per cent since 2005 and was ranked as the tenth best fund overall in terms of performance in 2006.
And Mr Potts explained what factors he believed were assisting investments in the country.
"With an increasingly wealthy consumer base of more than 1.3 billion people and an economy that is set to maintain a ten per cent growth rate in 2007, it's not surprising that China has become the world's second largest economy," he said.
As an example of China's growing affluence, this week saw marketing news service eMarketer publish its predictions for global internet usage.
According to the organisation, China is expected to overtake the US as the country with the most internet users in the world by the end of the decade.
Prospects good for Chinese investments, analyst claims
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Prospects good for Chinese investments, analyst claims
Thu, 15 Feb 2007
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