Barings' Lee: The inflection point that will see China 'bounce back' in 2017

Creates 'favourable tailwinds' for Asia

Hyung Jin Lee, head of Asian equities at Barings, has said there are signs China has reached an inflection point that could lead to it "bouncing back" in 2017, providing a boost to the rest of Asia.

Lee, who is also sole manager of the £51m Baring Eastern Trust and £103m Baring Korea Trust, said data coming out of the Purchasing Managers Index (PMI), a manufacturing survey and a typical indicator of growth, suggests China's economy could turn around in 2017, impacting postively on neighbouring regions.   He said: "The latest trends from the country's Purchasing Managers Index survey for manufacturing indicate China may be coming out of the bottom end of the cycle and bouncing back.  "It appears that both domestic and external demand will remain steady at the regional level, with ...