Morgan Stanley Favors Convertibles in Growth Bet

Morgan Stanley Favors Convertibles in Growth Bet

Tomohiro Ohsumi/Bloomberg

A couple rides on a motorcycle over a bridge at the Sino-Singapore Tianjin Eco-city in Tianjin. China’s leaders announced on March 5 a target of 7.5 percent for growth this year at the annual congress meeting after expansion slowed to 7.8 percent in 2012, the least in 13 years.