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
Opinion
Opinion
Macroscope
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
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