KUALA LUMPUR: Amid the negative outlook in China and Asia at the moment, there are consumer stocks that present investors with opportunities, HSBC Global Research said.
Weaker-than-expected figures coming out of China and Beijing's greater tolerance for lower growth has led HSBC Global Research to cut its China GDP forecasts to 7.4% (from 8.2%) for 2013 and to 7.4% (from 8.4%) for 2014, and while this is bad news for China-dependent companies in the region, there were silver linings in the cloud.
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