Here’s Why China’s Economic Transition Isn’t So Bad
Why better days are ahead for China's economy.
Worries about China's transition to a consumption-based economy rocked global markets at the beginning of this year, but one expert said better days are ahead for the world's second largest economy. 'We believe the transition is actually good for the economy because it's actually causing more demand for loans and this is our business,' said Stephen Chan, CFO of China Lending (CLDC) , a small business lending company. 'The higher demand means that we can pick and choose better borrowers with good collaterals.' TheStreet's Scott Gamm reports from the Nasdaq.
