People react as they monitor stock prices at a brokerage house in Beijing, on August 16, after Asian shares fell due to investor concern over slowing economic growth, especially in China. Photo: AP People react as they monitor stock prices at a brokerage house in Beijing, on August 16, after Asian shares fell due to investor concern over slowing economic growth, especially in China. Photo: AP
People react as they monitor stock prices at a brokerage house in Beijing, on August 16, after Asian shares fell due to investor concern over slowing economic growth, especially in China. Photo: AP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Don’t count on China’s economic stimulus to rescue emerging markets this time

Nicholas Spiro says those looking for a Beijing spending spree to end the slide in emerging economies will be disappointed, based on what China is offering this time and how markets reacted before

Nicholas Spiro
Nicholas Spiro

Updated: 10:28pm, 10 Sep, 2018

Why you can trust SCMP
People react as they monitor stock prices at a brokerage house in Beijing, on August 16, after Asian shares fell due to investor concern over slowing economic growth, especially in China. Photo: AP People react as they monitor stock prices at a brokerage house in Beijing, on August 16, after Asian shares fell due to investor concern over slowing economic growth, especially in China. Photo: AP
People react as they monitor stock prices at a brokerage house in Beijing, on August 16, after Asian shares fell due to investor concern over slowing economic growth, especially in China. Photo: AP
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.