HSBC Chief: China Economy Fears Overdone

Volatility in China's markets is inevitable as it implements reforms and its economy is unlikely to have a "hard landing," HSBC Chief Executive Stuart Gulliver said on Friday. "The fears for China's economy are overplayed. I do not believe China will have a hard landing," Gulliver said in a speech on the country in London. "The last few months have obviously been difficult... [But] the fluctuations and stock market volatility have little or no bearing...

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