Overview: Don’t panic yet… about growth in China
Mon Sep 17, 2012
Few analysts yet believe that it is absolutely necessary to panic about the Chinese economy
"I don't believe in panicking before it's absolutely
necessary," is how former UK Chancellor Alistair Darling begins
his recent memoirs. Few analysts yet believe that it is
absolutely necessary to panic about the Chinese economy. But in
light of recent economic data from Beijing, some commentators
believe we may be approaching that point.
|"It's nothing structural, and I have every reason
to believe the economy is now bottoming out"
Chen Zhao, managing editor at BCA,
After all, anecdotal evidence suggests that those who can,
are shorting Chinese equities at a quicker clip than ever
before. The trend may have more to do with increased investment
freedom rather than strategy but, if portfolio managers are
turning more bearish on China, it is not hard to see why. Since
the People's Bank cut interest rates for the second time in as
many months at the start of July, the...
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