Mark Mobius, a US-born German emerging markets fund manager, believes that India is the #1 investment alternative with economic opportunity. He believes India can do the same as the Chinese. Möbius’ statement comes in an interview Fox business where he spoke about investing in China, but also how he, along with other investors, has been affected by that country’s strict government rules.
Mark Mobius, a US-born German emerging markets fund manager, believes that India is the #1 investment alternative with economic opportunity. He believes India can do the same as the Chinese. Möbius’ statement comes in an interview Fox business where he spoke about investing in China, but also how he, along with other investors, has been affected by that country’s strict government rules.
Mobius told Fox Business that the bottom line was that China was moving in a completely different direction when they launched the reform program.
Mobius told Fox Business that the bottom line was that China was moving in a completely different direction when they launched the reform program.
He also revealed to the news channel that he was personally affected. He has a bank account with HSBC in Shanghai and cannot withdraw his money. He said the Chinese government is restricting the flow of money out of the country. And he pointed out that he couldn’t get an explanation as to why they did it.
He also revealed to the news channel that he was personally affected. He has a bank account with HSBC in Shanghai and cannot withdraw his money. He said the Chinese government is restricting the flow of money out of the country. And he pointed out that he couldn’t get an explanation as to why they did it.
He said China is putting up all kinds of barriers. He added, “They don’t say, ‘No, you can’t get your money out. But they say give us all the records from 20 years of how you made that money… That’s crazy.”
He said China is putting up all kinds of barriers. He added, “They don’t say, ‘No, you can’t get your money out. But they say give us all the records from 20 years of how you made that money… That’s crazy.”
The Fox Business cited a poll that found a majority of US companies say China is no longer considered a “top 3 investment priority.” When asked about the best investment alternative to China with economic opportunities, Mobius believes it is India. He said, “India number 1, they have a billion people, they can do the same as the Chinese.” He added that India can do the same kind of manufacturing and so on.
The Fox Business cited a poll that found a majority of US companies say China is no longer considered a “top 3 investment priority.” When asked about the best investment alternative to China with economic opportunities, Mobius believes it is India. He said, “India number 1, they have a billion people, they can do the same as the Chinese.” He added that India can do the same kind of manufacturing and so on.
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