You are here

Market overreacting to changes in China, says DBS chief

Slowing growth there due to economic and social reforms; region can absorb short-term knock

BT_20150918_JLGUPTA18_1884880.jpg
"The transition from control to a market economy is not simple at the best of times," says Mr Gupta. While Asia can handle a couple of years of growth slowing, the question is whether the US can pick up some of the slack.

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