China is still heading for a hard landing – here’s a better bet

Despite some encouraging economic data, China’s ‘miracle economy’ is still heading down to earth with a bump. So where should adventurous investors go instead? Here, John Stepek looks at another risky country that might be a better bet.

Early last year, the idea that China's miracle economy might finally have sprung a leak started to gain some acceptance by even the biggest China bulls.

After all, it was pretty hard to keep arguing that growth could never fall below the magic 8% level when even the Chinese government said it come in at around 7%.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.