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Mark Mobius Sees Rude Awakening For Hedge Funds Betting Against China

FYI: Mark Mobius has advice for people betting on a Chinese collapse: Don’t underestimate the world’s second-biggest economy.

As China loses steam, prominent investors are wagering that Beijing will find itself backed into a corner as its banking sector crumbles under ballooning debt and its currency sinks. But while some signals look bad, according to Mobius, they’re not cataclysmic.

His arguments, in short: Chinese demand for raw materials may be stronger than bears realize; the country’s banks can clean up their balance sheets; and China’s shift from a manufacturing to a service economy is baked into the country’s plan.
Regards,
Ted
http://www.marketwatch.com/story/mobius-sees-rude-awakening-for-hedge-funds-betting-against-china-2016-04-13/print

M* Snapshot TCWAX:
http://www.morningstar.com/funds/XNAS/TCWAX/quote.html

Lipper Snapshot TCWAX:
http://www.marketwatch.com/investing/fund/tcwax

TCWAX Ranks #11 In The (CR) Fund Category By U.S. News & World Report:
http://money.usnews.com/funds/mutual-funds/china-region/templeton-china-world-fund/tcwax
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