One of Asia's richest men says China slowdown may be good

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PBTime

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#1
He says we've seen the worst of the "growing pains", and that in a year or two things will recover... and expansion will resume. He says the Chinese economy is changing direction, and it has to stop accelerating while it's making that transition. Unsaid is exactly what the new Chinese business model will be.

One of Asia's richest men says China slowdown may be good

Quote:
One of Asia's richest people, Hong Kong billionaire Lui Che Woo, says the slowdown in China is actually a good thing for the rapidly expanding economy.

Mr Lui, a self-made tycoon who made his money from property, entertainment and casinos, told Juliana Liu he hopes for more positive news in as little as a year.