Source : Moneycontrol.com

Philip Poole, Global Head of Emerging Markets of HSBC feels that China remains an engine for global growth and though the authorities will try to reduce the overheating, it will still be growing rapidly.

Excerpts from CNBC-TV18's exclusive interview with Philip Poole:

Q: How do you read the numbers from China and the kind of nervousness that has been set off in the whole region here?

A: The number was strong and we were expecting their GDP growth to be 11%; it came a little bit stronger than that. But the market overall had an expectation of something like 10.4%. We have also seen a re-acceleration of investment growth; retail sales data was strong at 15.3% and also March inflation, a bit 3.3% and the central bank target for March inflation is at 1-3%.

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Posted by pichu at April 19, 2007 7:53 PM