Saturday, August 02, 2008

Chinese Mutual Fund Manager and Subprime Exclusive
Emerging Market Shift

The four BRIC nations increased their combined gross domestic product to $6.95 trillion in 2007 from $2.56 trillion in 2000, and their 2.8 billion people account for 42 percent of the global population, according to the International Monetary Fund. ``What we are seeing is a short-term turbulence as the power shifts to China and India from the U.S.,'' Park says.