 |
| China Insurance Building (中国保险大厦), Shanghai (Photo credit: thewamphyri) |
And while Beijing has both the will and the means to provide extra fiscal and monetary stimulus if growth flags, China-watchers rule out a repeat of the massive expansion of credit that successfully rebooted the economy after the global financial crash of late 2008. That means China, and Asian economies increasingly tied to it, can do little to overcome the headwinds blowing in from the United States and, especially, Europe. 'The problems in Asia that are causing the slowdown come predominantly from outside the region,' said Rob Subbaraman, chief economist for Asia at Nomura in Hong Kong. 'Europe is a bigger than the U.S. as an export market for most Asian countries now, and it's a big investor in the region.' ... Continue to read.
No comments:
Post a Comment