Fears for China’s economy overplayed, says HSBC

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 yesterday.

“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 stockmarket volatility have little or no bearing on the long-term trends around China,” he said.