Investment Banking MC
Is China the New Greece?
InvestorDaily
In a recent update titled China Scare, BlackRock said the depreciation of China’s currency, the sell-off in equity markets and declining confidence in Beijing’s policymakers have caused the country to replace Greece as the global economy’s foremost concern.
Compared with Greece, however, China is “fundamentally a much bigger deal”, BlackRock said.
“The problem? Investors are losing faith in the ability of Chinese policymakers to control their markets,” the update said.
The rest of this article can be found at investordaily.com.au.
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