Jeffrey: Economies must adapt to China's slowing growth without mutual damage

Core economic views unchanged

Cazenove Capital CIO, Richard Jeffrey, explains why his economic views are unchanged despite the recent global sell-off.

The Wikipedia entry for the 1979 film, The China Syndrome, states it “tells the story of a television reporter and her cameraman who discover safety cover-ups at a nuclear power plant”. It is not, of course, set in China – it is in America – but in the worst case, the nuclear meltdown would travel through the earth supposedly all the way to China.  Financial markets experienced their own form of meltdown in August. On this occasion, the proximate cause emanated from China itself. Markets were already in a slightly fragile mood as a result of growing concerns over the implications of an i...