Tuesday, October 13, 2015

China's Debt_ Broken pieces of China and the debt-driven growth model

MONEY OBSERVER

Broken pieces of China and the debt-driven growth model


October 12, 2015 - 9:25am

Ewen Cameron Watt, BlackRock China's debt-driven growth model is on the skids. Economic slowdown, a freezing-up in trade, and plunging markets and currencies are casting a shadow across Asia - and the world. How worried should we be?

When I lived in Hong Kong in the 1990s, Asia was a place of great mood swings. Today is no exception, with pessimism fast on the rise. 'There's no fun anymore,' a leading shipping magnate summed up to me.

China's slowing economic activity has been with us for some time - and is reflected in falling commodity prices and China-exposed equities. What is new is global markets' intensifying focus on China, enhanced by the US Federal Reserve's recent emphasis on Asia weakness.

Below are some of my observations after a one-week trip to Asia talking to corporates, competitors, colleagues and contrarians.

READ MORE: http://www.moneyobserver.com/opinion/broken-pieces-china-and-debt-driven-growth-model


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conbenho
Tiểu Muội quantu
Nguyễn Hoài Trang
13102015

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