QROPS Advice: "China and other developing Asian lead global recovery."

The head of the IMF said China and other developing Asian economies are leading a global recovery that is faster and stronger than expected, but warned that money rushing into emerging markets could lead to asset bubbles. Dominique Strauss-Kahn, the managing director of the International Monetary Fund said "The forecasts we're going to release in a couple of days will show that this recovery is going faster and stronger than we expected several months ago."
Conversely, an Asian Development Bank Economist suggests that China has no need to raise interest rates because there isn't any clear sign of an asset bubble, "There's no compelling reason for an interest-rate hike yet," Donghyun Park, a senior economist at the ADB, said. "There are some signs of overheating in the property markets. But there's no clear, concrete, specific evidence of a bubble."

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