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

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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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