I would be incredulous if China's GDP growth could continue at the level it's been historically, so I think there's always been an anticipation of some gradual slowdown, but the slowdown of the growth rate is probably less than the market really wants to believe.

Jim McCafferty

Categorized in : Company News

We've had such a volatile few days in terms of pronouncements and interpretations of what's going on with this potential trade war. And I think the news bites that we had over the weekend seem to indicate a softening of Trump's approach toward tariffs internationally.

I think people might take the view that perhaps a similar strateg... by Jim McCafferty

I think people might take the view that perhaps a similar strategy might be applied to Asia.

Just two months ago China was facing one of the worst years it's ever had in terms of equity market performance. So I think investors are taking very seriously the fact that the rebalancing of MSCI is happening, there's a disconnect between China's place in the world economy and China's place in the world's stock markets. And the two things can't be diverged for so long.

That's why I think markets are nervous, because there's no preced... by Jim McCafferty

That's why I think markets are nervous, because there's no precedent for this type of behaviour.

That's why I think markets are nervous, because there's no preced... by Jim McCafferty

That's why I think markets are nervous, because there's no precedent for this type of behavior.

I think the monetary angle in terms of what it means for the companies, is not that important, however, for what it means from the consumer point of view, then clearly if there's easy money and ... individuals can borrow cheaply and repay debt quickly, then that of course is going to help the economy and the companies.