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, Montreal
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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