Earlier today Bank of America released a presentation and a conference call in which the firm’s head of China equity strategy David Cui spoke about the dreaded “China Hard Landing”.
BofAML’s David Cui is the Markets’ #1 rated China Strategist according to the 2011 Institutional Investor All-China Survey. His main views about the subject are: 
– significant Chinese specific financial market risks that could trigger lower than expected Chinese growth; 
– these financial market risks have increased considerably;
– these financial stresses have a very high probability of triggering lower than expected growth; 
– the lower growth could well be sub 7%, and therefore by Chinese market standards would be termed a “hard landing”, clearly a huge issue for all global markets.
Here is the full presentation…

China the Systematic Risks 11090934[1]

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