JPMorgan fund JV says China stocks to bottom next year
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Zerlinda [2011-05-20]
China's stock market, pushed lower by Beijing's monetary tightening moves, may retreat further, but investment opportunities will emerge when the economy stabilises next year, JPMorgan Chase & Co's Chinese fund joint venture said on Tuesday.
Stocks that stand to benefit from government support for domestic consumption and innovation could be safe bets for now, while buying opportunities in traditional sectors such as resources would come during the first half of next year, said Luo Jianhui, fund manager at China International Fund Management Co.