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Tjiang of Fortis Says China Rate Rise Unlikely to Damp Growth
Desmond Tjiang, who manages $1.3 billion in Asian equities at Fortis Investment Management, talks with Bloomberg's Susan Li in Hong Kong about China's decision to raise interest rates for the third time since March, the outlook for the yuan and his investment strategy. The People's Bank of China lifted the benchmark one-year lending rate to 6.84 percent from 6.57 to cool the fastest pace of economic growth in 12 years and restrain inflation. (Source: Bloomberg)
Bloomberg | July 20, 2007
