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China Looks Good for 2016

Hedge fund manager says this is a good year to bet on China, although some worry PBOC stimulus is creating a credit bubble that will eventually pop.

By Miles Weiss, Bloomberg | Updated on April 28, 2016

BlackRock Inc.’s Laurence D. Fink says investors will be sorry if they’re not betting on China this year. Just don’t stay there too long.

China’s leaders are trying to aggressively reboot the economy, measures that will result in higher economic growth than many expect today, Fink said in an interview with Bloomberg Television’s Erik Schatzker. The measures may create a bigger credit bubble down the road, which may ultimately burst, a risk that Fink put at 20 percent.

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