The China syndrome: meltdown or recovery ahead?
A sharp selloff in China’s stock market, a surprise currency devaluation and a persistent slowdown in economic activity have raised doubts about the ability of the world’s second-largest economy to maintain the hypergrowth levels of the past two decades. Despite this, the outlook for China’s economy remains generally positive over the long term, and there are segments of the economy that are poised for growth despite an overall slowdown in activity. Economist Stephen Green and China affairs specialist Andrew Dougherty at Capital Group discuss in further details the origins and potential implications of China’s stock market correction, as well as the country’s uneasy shift toward a market-based foreign exchange regime. For a copy of the full article go to (VIEW LINK)
Paul Hennessy is managing director, Australia & New Zealand, at Capital Group. As a relationship manager, he is responsible for covering the institutional client base in Australia and New Zealand. He has 33 years of investment industry experience...