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