China is heading for a fall – here’s what it means for you

Over the past few years, China's rampant growth has grabbed investors' imaginations. But now it shows signs of slowing. James Ferguson looks at the challenges it faces, and what you should buy when the slowdown hits.

China needs to end its economic dependence on exports, by encouraging consumers to spend. But getting there won't be easy, warns James Ferguson.

The two most crowded trades in the world are long emerging market stocks and short developed market government bonds. Perhaps this alone explains why emerging markets are all down so far this year, while developed market government bonds are all up (that is, yields are lower).

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James Ferguson qualified with an MA (Hons) in economics from Edinburgh University in 1985. For the last 21 years he has had a high-powered career in institutional stock broking, specialising in equities, working for Nomura, Robert Fleming, SBC Warburg, Dresdner Kleinwort Wasserstein and Mitsubishi Securities.