Heavy rains from Tropical Storm Ewiniar brought chaos to Guangzhou, China, on June 8. The high levels of corporate debt in China and other emerging markets have raised concerns that there is bad weather ahead for the global economy. Photo: Reuters.
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

How Trump’s trade war combined with emerging market corporate debt could trigger a perfect storm

Anthony Rowley says emerging markets have amassed high levels of corporate debt, especially foreign currency borrowings, in the past decade. This, together with Trump’s erratic actions on trade, could be the making of a debt crisis

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Heavy rains from Tropical Storm Ewiniar brought chaos to Guangzhou, China, on June 8. The high levels of corporate debt in China and other emerging markets have raised concerns that there is bad weather ahead for the global economy. Photo: Reuters.
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