by Peter Lees
12. October 2011 19:34
Why is a manager of UK equities off on a fact finding trip to China I hear you say. But as you know, the UK equity market is much more a play on the global economy than the fortunes of the UK, so it’s eminently sensible.
There area number of issues I will be focusing on in my meetings.
- To find out what it’s really like on the ground rather than just believe what commentators tell us.
- What are the supply chains like and how could they impact on economic activity elsewhere. Remembering the impact of the de-stocking back in 2008/09.
- How is the funding of industry and infrastructure segregated from that of the property sector? Can the impact of any property bubble bursting be ring-fenced?
- I am also attending a meeting involving the big mining companies and China’s state planners responsible for infrastructure investment. I will be looking to find out if the mining bosses are right in that the scale of the internal investment is still such that any moderation in global growth will not really be an issue for them.
So watch this space as I will be reporting back in a conference call on 20 October at 11.00 am.
