A primary student sneezes as temperatures drops, in Hong Kong’s Tsim Sha Tsui district on December 4th, 2015. Photo: SCMP/Nora Tam
John Woods
Opinion

Opinion

Money Matters by John Woods

What happens to the world’s economy should China sneeze?

China’s economic adjustment challenges are as well-known as they are challenging, but I feel sufficient policy flexibility exists to steer the economy to a lower equilibrium in a managed, ordered way.

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A primary student sneezes as temperatures drops, in Hong Kong’s Tsim Sha Tsui district on December 4th, 2015. Photo: SCMP/Nora Tam
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