Market overreacting to changes in China, says DBS chief

Singapore

CHINA's slowing growth reflects economic and social reforms laid out as early as five years ago, and the short-term knock on Asia's economy during this transition can be absorbed by the region, DBS chief executive Piyush Gupta said on Thursday.

He told a conference organised by Milken Institute that the market has overreacted to changes in China, which have been a "one-on-one match" with policy prescriptions that include a move towards the consumption model.