Wall Street People Are Optimistic About China'S Economic Investment Opportunities

Wilbur Ross, a famous investor in Wall Street, is good at taking the investment way of "people abandon and take away", which is called "the king of bankruptcy reorganization" by American media.

After returning to China, Ross told reporters here today that he is optimistic about the investment opportunities brought about by China's economic pformation.

Ross said, from industry

The pition from a pitional economy to a consumer oriented economy is difficult for any country. An important issue is how to cope with excess capacity and overcapacity.

Nevertheless, there will be many investment opportunities in China's economic pformation, and steel and coal mining industries are worth investing.

Ross, 78, worked in a well-known investment organization in early years, and founded his investment company in 2000.

He is good at finding investment opportunities for bankrupt enterprises in iron and steel, coal mines, telecommunications, textiles and other industries.

Ross believes that in the pformation of China's economy from investment and export drive to domestic demand, there will continue to be many investment opportunities.

The successful operation of the steel industry laid the foundation for Ross in the field of bankruptcy reorganization and acquisition.

For the Chinese market, Ross has also begun to layout, "we have invested 18 enterprises in different fields".

Ross is optimistic about consumption related industries and believes that China's domestic demand market is huge.

He revealed that investment was involved.

And auto parts and other industries related to consumption.

Ross observed China through the operation of these Chinese factories.

Transformation.

He said: "one of our factories focused on export trade at the very beginning and now serves more in China's domestic market."