There is no shortage of potential triggers for a global market correction next year, says Matthew Lynn. But one of the more likely is a huge bubble in Chinese tech stocks.
China’s public and private debt pile has mushroomed to 255% of GDP in the past few years, warns the Bank for International Settlements.
China’s renminbi, or yuan, has slid by more than 6% in trade-weighted terms this year, and has also kept falling against the dollar.
Index provider MSCI’s admittance of China’s domestic stockmarket into its emerging-market indices would be a small but symbolic move.
While few believe China’s official growth figures, the economy should pick up.
China burned through $100bn of its foreign-exchange reserves last month trying to prop up its currency, the yuan.
China National Chemical Corporation, or ChemChina, has bought Switzerland’s Syngenta, making the biggest foreign takeover by a Chinese firm to date.
Tsai Ing-wen has been “thrust into one of Asia’s toughest and most dangerous jobs” after winning Taiwan’s presidential election.
Investors have been scared witless by the plunge in the Chinese stockmarket and currency, the yuan. Andrew Van Sickle explains why you should stay calm.
The Chinese stockmarket has had to halt trading more than once already this year. John Stepek looks at what the crash means for the world’s markets, and the global economy.
China’s central bank has moved pre-emptively to prevent the yuan being dragged upwards with the US dollar.