China Leadership Change Benefits Consumer Stocks, Matthews Says

China Leadership Change Benefits Consumer Stocks, Matthews Says

Jerome Favre/Bloomberg

ING Investment Management favors China Mobile Ltd., the world’s biggest phone company by subscribers, on prospects mobile usage in Asia’s biggest economy will surge, Manu Vandenbulck, who helps manage 500 million euros ($637 million) of emerging-market stocks that pay dividends, said in a Nov. 6 interview in London.