Pursuits
Hong Kong’s Li Ka-shing Says China Will Escape a ‘Hard Landing’
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Li Ka-shing, the Hong Kong billionaire who predicted China’s 2008 stock market decline, said the nation’s economy will avoid a hard landing even as global growth slows.
“Every task that’s carried out in China these days has gone through careful consideration,” Li, 83, told reporters in Hong Kong yesterday. “I don’t think there’ll be a hard landing and I’m not concerned.”