Northern Trust "okay" with slower China growth

While China’s slowing growth has sparked debate about how low it will go, the quality of that growth is improving, said Wayne Bowers, chief executive of Northern Trust Asset Management for Europe the Middle East and Africa, and Asia Pacific. “We are okay with slower expansion – 6.25%-6.5% – if that means cleaner and greener growth,” he told AsianInvestor on a recent trip to Hong Kong. The country’s drive to reduce corruption and control emissions may cap GDP expansion, but it is…