Happy times aren’t here again. The beginning of 2016 has been pretty dismal so far, at least from a financial markets perspective. China’s 7% stock market sell-off triggered a domino of similar falls across the world, while market commentators and analysts are queuing to offer their grim views about the country’s economic outlook.
Elsewhere in Asia, the news doesn’t look much better. Japan may have revised its third quarter GDP rate from an annualised drop of 0.8% to growth of 1%, but it remains a heavily indebted economy with little prospect of anything except debt-led growth. And with debt to GDP hitting 250%, this well of liquidity is likely to...
¬ Haymarket Media Limited. All rights reserved.
