"Sun Worldwide" - China's Economic Recovery Will Surprise

Miami, Florida (PressExposure) March 04, 2009 -- Sun Worldwide, the Asian-based asset management firm, is apparently reiterating its faith in the ability of the Chinese economy to shrug off the collapse of its export sector.

Analysts at Sun Worldwide believe that although exports are, indeed, a significant factor in China's economy, the country is creating its own domestic consumer base through the aggressive lending targets set by the government which owns 70% of the equity in its major banks.

Lending in China is a world away from that in the credit-challenged economies of the US, the UK and Europe whose consumers are already highly leveraged while their banks remain risk-averse.

Sun Worldwide believes that Chinese consumers have a desire to emulate the lifestyles of their Western counterparts and recent cuts in interest rates together with wide availability of credit to an under-leveraged domestic market will see the world's third largest economy avoid the catastrophic downturn currently afflicting other nations.

Sun Worldwide has made no secret of the fact that it is evaluating stocks within the financial and healthcare sectors of China's benchmark stock index with a view to issuing buy recommendations to its client base in the months going forward.

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Press Release Submitted On: March 04, 2009 at 11:23 pm
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