China is set to return to the heyday of double-digit gross domestic product (GDP) growth in 2014, driven by a revival in global demand that will ignite the country’s export engine, according to an investment strategist.
“I’m looking for 10 percent by the end of the year from China – they will be surprising a lot of people. With the U.S. dollar going up, look for exports out of China to start picking up,” Jack Bouroudjian, chief investment officer at Index Financial Partners told CNBC Asia’s “Squawk Box” on Friday.
The world’s second-largest economy last saw double-digit growth rates in the second quarter of 2010, when it grew at a rate of 10.3 percent. For 2013, the economy is expected to post growth of 7.6 percent, according to a Reuters poll, a touch above the government’s target of 7.5 percent.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.