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Positioning during US fiscal cliff talks

2012-11-21 14:46 CNTV     Web Editor: yaolan comment
Jan Loeys, Managing Director and Head of Global Asset Allocation, speaks to CCTV reporter Martina Fuchs in Beijing.

Jan Loeys, Managing Director and Head of Global Asset Allocation, speaks to CCTV reporter Martina Fuchs in Beijing.

U.S. lawmakers have exactly six weeks to reach a deal on how to avoid the so-called "fiscal cliff" - a toxic combination of 600 billion US dollars in automatic tax hikes and spending cuts if lawmakers can't reach a compromise.

President Barack Obama and the US Congress plan to get down to business after this week's Thanksgiving holiday on how to avert it. Jan Loeys, Managing Director and Head of Global Asset Allocation, spoke to our reporter Martina Fuchs in Beijing about his asset allocation during congressional talks on how to avert the US "fiscal cliff", his view on the Chinese market as China enters into a new era of leadership, and his advice for investing in debt stricken Japan.

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