China exports will bounce back according to Martin Currie Investment Management. Chris Ruffle, seen here, China co-Chairman of Edinburgh-based Martin Currie, which manages $19 billion, said, “The next couple of months, the export numbers from China will be spectacular. That’s mostly to do with the low base effect and actually the situation is still pretty grim, but that might cause some of the depressed exporter stocks to have a bit of a bounce.”
China’s exports plunged a record 25.7% in February 2009 as a global recession cut demand for the nation’s goods. Outbound shipments dropped 1.2% in November, the smallest decline in a year, as the world’s economies recovered.
BusinessWeek reported Chris Ruffle as saying a television interview that the country’s banks are “unattractive” as credit growth slows, bad loans increase and lenders seek to raise capital. Real-estate stocks are “coming under pressure” as the government takes measures to dampen property speculation to keep housing affordable.