Templeton Asset Management’s Mark Mobius says he remains optimistic on China’s economy, and says other countries may begin adopting a Chinese type of system rather than a U.S. system. Mobius tells Bloomberg that the comparative ease with which China can get things done because of its one-party setup may appeal to many other countries. But he says the key common denominator in both the American and Chinese systems is a market economy. Mobius also talks about the impact that the talk of the Federal Reserve tapering its asset purchasing programs had on emerging markets, and why his firm is making a sizeable bet on Ukraine debt.
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