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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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 Business Times came as investors nervously wait to see whether last Friday's bounce in most Asian markets, including China, will be carried through into this week, or whether the rout in stocks and currencies will resume.
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