Beijing, 7 February 2012 — As the United States digs itself out of a recession and Europe debates funding the Greek bail-out, the one bright spot for some investors is on the other side of the world in China. But even for keen China-watchers, there is debate on the extent the Chinese government can prevent economic bust.
Jack Perkowski, a.k.a. Mr. China, tells China Money Network there is little to worry about and now is a great time to invest in China because the Chinese government will ensure its economy stave off a crash scenario.
The full audio interview with Perkowski is now exclusively available as a free download at https://www.chinamoneynetwork.com.
“There are a lot of opportunities in China. It’s still very early in the game,” says Perkowski. “Those predicting a hard landing didn’t take into account of the fact that the Chinese government has all of the monetary and fiscal tools at its disposal.”
Perkowski, founder and managing partner at China-focused merchant bank JFP Holdings Ltd., has twenty years of experience investing on the ground in China. He came to China in the early 1990s and founded ASIMCO Technologies Ltd., now one of the largest independent auto component manufactures in China. That pioneer journey made him one of the most successful Western businessmen in China and gained him the moniker, Mr. China. He made the above comments while being interviewed on the latest online episode of China Money Network.
Among all the investment potentials, Perkowski favors environmental and energy efficiency technologies; health care; and the financial services sector.
“Anything relating to the environment (that) helps improve energy efficiency and reduce emissions (and so on) will be big opportunities, (and) health care, one of the last big industries that’s being opened up for outside investors,” says Perkowski.
“The whole financial services sector will be huge,” Perkowski goes on saying. “China still has a 50 percent savings rate and the insurance sector is growing at 25 percent a year, not because the Chinese are in love with insurance but because they look at insurance as another place to put their savings.”
After selling ASIMCO Technologies Ltd., then with sales of over US$500 million, to Bain Capital in 2009, Perkowski founded Beijing-based JFP Holdings in the same year. JFP Holdings helps global companies on their China strategies and assists Chinese companies to develop their global footprint.
About China Money Network:
China Money Network is an online Chinese investment platform aiming to provide news, insights and data to institutional investors focused on China. China Money Network’s products include China Money Network, a top-rated in-depth interview show featuring prominent Chinese investment managers. The podcast is hosted by Beijing-based veteran financial journalist, Nina Xiang, and has been featured and highlighted by the iTunes store. China Money Network’s other products include daily news on Chinese investments, a Chinese alternative managers database and upcoming Chinese investment events. Please visit http://www.ChinaMoneyNetwork.com for more information.
