Growing pensions China style

China launched a massive stimulus pro- gramme in 2008 in its bid to fend off the ravages of the global downturn. While that largely succeeded, there are now long-standing fears of an asset bubble, particularly in property. Growth is predicted to slow this year to its lowest rate since 1990. The country is in the midst of an anti-corruption drive, which is hitting sales of luxury goods, and air quality is still awful.

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IPE covers a good variety of very current and relevant topics. It is good to read the high-level, independent and objective perspectives from pension funds in other European countries; many of them are dealing with the same issues as we are, so it is interesting to learn from their experiences, especially when they are ahead of where we are on the curve.

Markus Schaen , Senior Fund Manager, MN,
The Netherlands