Hard or soft landing for China? No landing at all - Mobius

China bull Mark Mobius, manager of the £10bn Templeton Asian Growth fund, said the country need not fear a hard or soft landing as the authorities will step in once more to manage economic growth.

The veteran investor argued even a lower growth rate than expected, at 7.5%, will be enough to keep the world's second largest economy on track. "There is a great deal of concern regarding a slowdown in China's economy. The question on everyone's lips is: "Is China going to have a soft or hard landing?" My answer is: China is not landing. It is going to keep on flying," said Mobius (pictured). "How can we talk about a slowdown when the growth in China is expected to be at least 7.5% in 2012? A hard landing typically is viewed as a rapid slide into recession. I don't see that happening...