Investor Mark Mobius said the bubble in China’s property market isn’t about to burst.
'The Chinese will act rationally and they’re not going to kill the market,' Mobius, who oversees $34bn of developing-nation assets at Templeton Asset Management, said in an interview in Singapore. 'There’s still a lot of savings in China. Prices are high but I don’t see a crash.'
Mobius said he plans to increase holdings in Chinese stocks by purchasing shares that benefit from consumer demand, including developers and raw-material suppliers.
bloomberg.com
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