Asia Unhedged | Prudential’s Mike Wells doesn't think China is overleveraged
View at the construction site of an apartment tower in Beijing, July 19, 2016. Photo: Reuters, Thomas Peter
View at the construction site of an apartment tower in Beijing, July 19, 2016. Photo: Reuters, Thomas Peter
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Prudential’s Mike Wells doesn’t think China is overleveraged

“You have to look at where China is as an economy”

March 24, 2017 8:22 PM (UTC+8)

Prudential CEO Mike Wells told CNBC in an interview Friday that he did not agree with the widespread belief that China is overleveraged, saying that “The structure of leverage in the country is improving definitely and has a way to go.”

“They’re still looking at the supply and the demand side of the economy as hard, which I think gets lost sometimes in the narrative about China,” said Wells.

“There’s a very economic look, there’s a very balanced look at consumers, they haven’t tapped the consumerism that’s in the economy by any means, and I think there’s a lot of upside.”

 

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