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Stock market impact on China's economy limited: Mobius

He cites research showing low level of household wealth - less than 20% - allocated to equities in the country

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"While China's equity market volatility and the government's ineffectual attempt to intervene directly to support prices have dominated headlines, we remain confident that efforts to effect a broad economic rebalancing will succeed," says Mr Mobius.

Tokyo

EVEN a more pronounced "stock market crash" in China would be unlikely to do serious damage to the world's second largest economy through the impact of such an event on household wealth, according to veteran fund manager and Asia expert Mark Mobius.

His comment to The