StanChart bullish on China's growth outlook

Lending giant sees opening-up, pro-biz measures as key to unleashing potential

Standard Chartered PLC is very sanguine on China's economic outlook over the medium to long term, while some downsides such as the sluggish property market are short-term and "normal" phenomena amid the country's ongoing economic transformation and upgrades, said Bill Winters, CEO of the financial major.

Winters said that China's financial opening-up creates valuable business opportunities and development dividends for the bank.

"We agree that the growth rate for China this year will be around 5 percent, and the economic data in the early part of the year is reassuring in that regard," he said, adding there are some negatives including subdued property investment and sales, but "electronics, the electric vehicle supply chain and everything in green tech are growing extremely fast".