Oct. 13 (Bloomberg) -- China has started to signal easier monetary policies after the Wenzhou city situation raised concerns about the negative effects on the economy from tightening measures, according to Shane Oliver, Sydney-based head of investment strategy at AMP Capital Investors Ltd.
“Wenzhou is consistent with the tightening measures,” he said in an interview on Bloomberg Television. Oliver predicts “good gains” for China’s stocks over the next six to 12 months. He said equities are “getting close to the end of the bear market.”
To contact the editor responsible for this story: Allen Wan at firstname.lastname@example.org