Morgan Stanley believes that there is no guarantee of high growth sluggish domestic demand in China is gradually withdrawn.

Morgan Stanley Investment Management <P> gradually from China and Brazil, economic power back in the other fast growing emerging countries to seek higher returns. </ P> <P> the company tends to focus on countries such as Egypt and Poland .that these countries, the developed economies less dependent economy. As of last December the company's funds under management to approximately 2,830 billion U.S. dollars. </ P> <P> "We believe that will not be the strong global economic recovery," Morgan .Stanley Investment Management, a director of PaulPsaila annual investment forum in AmericanBeaconAdvisors space, told Reuters. </ P> <P> he thought the reasons for the slow economic recovery, economic stimulus initiatives, including the withdrawal of European and American countries, high levels of debt. .</ P> <P> "So we tend to focus on the market rely on domestic demand, they are not so strong cyclical, but also by the global economic situation has little effect, while bearish cyclical and the global market driven," Psaila said .He also said India is also one of the company's investment choice. </ P> <P> Psaila "suspicion" about whether China can maintain the current long-term growth rate of 9%. He said the investment rate in China is expected to decrease, but not enough domestic demand .make up. </ P> <P> in Brazil, Morgan Stanley still bet its domestic market strength, but still avoid the Petrobras (PETR4.SA: Quote) (PBR.N: Quote), or CVRD (VALE5.SA .: Quote) (VALE.N: Quote) and other large stock. </ P> <P> he said, "we added to the domestic stocks in Brazil, but the holdings of commodity stocks. So all in all, we are still less in Brazil .holding. "</ P> <P> plate in favor when it comes, Psaila said the company optimistic about the domestic consumer stocks required, non-essential consumer stocks, financial stocks and some pharmaceutical stocks. </ P>.