Pursuits
Billionaire Li Ka-Shing Says China’s Economic Outlook Is Bright
- Trade surplus, income from services help counter mounting debt
- Tycoon was criticised by Chinese state media last year
Hong Kong's Richest Man Says China's Outlook Is Good
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Hong Kong’s richest man said China’s economic outlook is bright in the long term, casting a vote of confidence in a country that’s growing at its slowest pace in a quarter century.
China continues to have a trade surplus, the services industry is generating income and foreign money is flowing in, billionaire Li Ka-shing told Bloomberg Television’s Angie Lau in his first interview with international media since 2012. He also indicated that investors focusing on the country’s rising debt levels are missing out on the larger picture.