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Mobius Bullish on the Year of Ox

by Mark Mobius, Ph.D. Executive Chairman, Templeton Asset Management Ltd

Dr. Mark Mobius, Executive Chairman, Templeton Asset Management Ltd and Fund Manager of the Templeton Emerging Markets Investment Trust (TEMIT), discusses the outlook for China

On January 26th, China and Chinese all over the world celebrated the beginning of the Year of the Ox. I would prefer to call it the Year of the Bull because we expect that 2009 will be the year that the emerging stock markets witness a substantial recovery and China should lead the way to that recovery. The investment prospects and long-term outlook for China are excellent for a number of reasons:

(1) The Chinese leadership is intelligent, resourceful and enlightened with an interest in maintaining growth with a better standard of living for all Chinese,