China's authorities have created a big problem for themselves - and investors

F&C's Anthony Willis assesses the impact of recent events in China on other major global economies.

The first half of 2015 was dominated by concerns over Greece, the agenda for the second half of the year may focus less on Europe and more on the US and China.  It would appear we are on the brink of something we have not seen in the USA for almost a decade. The last time the US Federal Reserve raised interest rates was June 2006, and this appears to be the biggest ‘known' risk on the agenda for the remainder of 2015. Changes in the direction of monetary policy are generally turning points for sentiment, though it is very clear the Federal Reserve will raise rates on a very shallow path,...