Global stocks were higher Wednesday despite data out of China showing the country's industrial output rose less than expected in April. But experts tell CNBC there is real growth potential in the Asian economy.
China's Stimulus Measures Are Working
The Chinese government's stimulus measures are working, says Ben Simpfendorfer, chief China economist at Royal Bank Of Scotland. He tells CNBC that the stimulus can sustain growth for a few years.
China's Economy May Be Stabilizing
Chinese April retail sales were better-than-expected, and Daniel Soh, regional economist at Forecast says this may indicate that the economy may be bottoming in the second quarter. However, he tells CNBC he doesn't believe that China's in for a robust recovery any time soon.
China Has Real Domestic Growth
There is a real inner growth story happening in China, especially when one looks at the second- and third-tier cities, notes Tim Mulholland, MD at China-America Capital Company.
Landing Returns in China
Great opportunities are emerging in China's commercial real estate market, notes Jack Foster, head of global real estate at Franklin Templeton Investments.
Upside Risk Seen in Euro-Dollar
Over the short term, Jan Lambregts, Asia head of research at Rabobank International sees a lot of upside risk in the euro-dollar cross.
Risk Appetite for Currencies Wanes
We are at a crossroads with regards to investor attitudes towards taking on risk, Dwyfor Evans, vice president and senior macro strategist at State Street Global Markets said.
Australia's Mild Recession
Experts are expecting a mild recession for Australia, mainly because of the country's massive budget deficit, Colin Whitehead, analyst at Fat Prophets, said.
Australia is Better Placed than Other Economies
Australia is better placed than nearly any other economy around the world going into the downturn, says Peter Costello, former Australian Treasurer.