China Stock-Index Futures Drop on Concern Slowdown Will Persist – Bloomberg 09-23-12

Salient to Investors:

Song Guoqing at Peking University said the economic slowdown may run into 2013 amid a lack of funding for approved infrastructure projects. Song expects growth of 7.3 to 7.4 percent in Q4 and 7 to 7.5 percent in half1 2013.

Wu Kan at Dazhong Insurance sees room for the market to drop.

The Shanghai index is at 9.3 times estimated earnings versus 17.4 in 2006.

Markus Rosgen and Yue Hin Pong at Citigroup  recommends investors underweight Chinese Stocks.

Ling Peng at Shenyin & Wanguo Securities said regulators may introduce concrete measures to bolster the stock market should the index fall below 2,000.

Read the full article at http://www.bloomberg.com/news/2012-09-24/china-stock-index-futures-drop-on-concern-slowdown-will-persist.html