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Avoid cos with China exposure, more slowdown seen: Walker

Jim Walker of Asianomics says China is growing at 5-6 percent, much below its forecast growth of 7 percent for this calendar. In an interview to CNBC-TV18’s Latha Venkatesh and Sonia Shenoy, he says China’s GDP growth could slowdown to 3-4 percent in 2015, and that China’s stock market is still not factoring the slowdown, which is expected to intensify in the coming months.

Walker is bullish on India, but is advising investors to stay from from stocks of companies with exposure to China. He sees companies catering to the luxury goods segment in China being impacted.

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