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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Chân thành cám ơn Quý Anh Chị ghé thăm "conbenho Nguyễn Hoài Trang Blog".
Xin được lắng nghe ý kiến chia sẻ của Quý Anh Chị trực tiếp tại Diễn Đàn Paltalk: 1Latdo Tapdoan Vietgian CSVN Phanquoc Bannuoc .
Kính chúc Sức Khỏe Quý Anh Chị .
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