Following a circuit-breaking fall in equity markets, managers assess what impact China's volatile stockmarket could have on neighbouring countries in Asia this year.
John Redwood, chief global strategist, Charles Stanley Economy in transition Most times the Chinese domestic stockmarket takes a plunge, other markets fall in sympathy. Investors worry in case the Chinese market is trying to tell them something bad about the Chinese and wider world economy. It is more likely the falls in China have been brought on through the difficulties in unwinding the extreme speculative positions established by the summer of last year, during the big bull market that went ahead of the sharp reversals. The Chinese economy is in transition. It is going to rel...
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