UBS's Weber Says China Has 'Plenty Ammunition Left' Amid Turmoil

  • Weber says China is like a tanker that is `turning slowly'
  • China has `huge potential' over medium- long-term, Weber says

UBS's Axel Weber Thinks China is ‘Turning Slowly’

UBS Group AG Chairman Axel Weber said China’s authorities still have “plenty of ammunition left” to stabilize the economy, signaling optimism that the country will become stronger after the turmoil roiling global markets.

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