Wilbur Ross: China's banking crisis overblown

Wilbur Ross: China's banking crisis overblown

I think China is getting close where people should be making more commitments to it, says Wilbur Ross, Chairman & CEO at WL Ross & Co., sharing his thoughts on investing in China. By global standards they’re doing very well and I think they will grow something in excess of six percent, Ross adds.


well, i think china is getting very close to the point where one should be making more commitments to it. i think it’s true they are slowing down, but by global standards, they are doing very, very well and i think they’ll grow something in excess of 6%. i also think that i agree with some of the comments that were made by an earlier guest this morning that the crisis so-called in the banking system, i think, is way overblown. the banking chinese central government controls most of the banks, controls most of the equities, has plenty of resources with which to deal with the thing, and is moving very aggressively to do so, so i think the next big market that turns around could very well be china. so where specifically in china are you looking? are you looking at the banking sector? because it’s kind of hard for western american investors to get in. well, we’re looking at a lot of different sectors, but my own sense is it may be a little bit early to be going in. i just think it’s getting very close to that point and i think in general this is going to be a year of individual securities, both in the u.s. and else where, whereas last year was sort of a market of markets. the main thing last year was you had to be long, and if you were, then you probably did pretty well. i think we’re getting into a period where selectivity will be the more important criterion than just being long.


Saved Articles

The Life and Career of Charlie Munger

Charlie is more than just Warren Buffett’s friend and Berkshire Hathaway’s Vice Chairman – Buffett has actually credited him with redefining how he looks at investing. Now you can learn from Charlie firsthand via this incredible ebook and over a dozen other famous investor studies by signing up below:

  • Learn from the best and forever change your investing perspective
  • One incredible tidbit of knowledge after another in the page-turning masterpiece of a book
  • Discover the secrets to Charlie’s success and how to apply it to your investing
Never Miss A Story!
Subscribe to ValueWalk Newsletter. We respect your privacy.

Congrats! Are you a smart person?

We have an exclusive targeted for being a sophisticated and loyal reader.

Sign up for ValueWalkPremium today and get our exclusive content for 35% off.

Use coupon code vip19 or click on the button below

Limited time offer only ENDS 12/31/2019 or after next 25 subscribers take advantage whichever comes first – please do not share this discount with others