For some time, mining companies thought diversifying their portfolios was the best way to improve cash flow stability and protect themselves from natural resources cycles and increased volatility. That hasn’t worked, at least not as expected.
Asian equities have rallied in recent months, but many markets still trade at favorable valuations. Patient investors should focus on high-quality names in the financial and information technology sectors.
Our current outlook calls for China’s economy to grow between 6.5 and 7 percent this year. We remain concerned about how domestic demand and the service sector will cope with deflationary pressures, but the Mainland economy appears to have stabilized. Investors should remain cautious in the near term.
Preconceptions and language barriers makes haggling with shopkeepers and avoiding being swindled a real challenge. But it's all good when the shopkeeper plays some Clapton for you on your newly purchase guitar.
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