[photopress:MBA_Robin_Bew.jpg,full,alignright]Economic Intelligence Unit forecaster Robin Bew, seen here, spoke at the China Europe International Business School (CEIBS) MBA Lecture Series. The title of his talk: ‘China’s Strategic Forecast: Full Speed Ahead’, gives the gist of the lecture. His theory is China is among global emerging markets that will continue to grow over the next five years, but its rapid growth will likely translate into faster appreciation of the renminbi.
He said, ‘From the forecast, returns in the emerging world remain far superior to that which you can get in the developed world and that will continue to be true.’
Citing China’s growth rate, which is four to six times that of the developed world, Robin Bew said the Asian superpower is where the best opportunities appear to lie.The country’s economy, which grew by 11.1% in 2006, shot up to 11.5% in the first half of this year.
The World Bank has predicted 11.3% growth for 2007, however Bew predicts that it will slow down a bit and settle in at 10% at the end of the year.