Buildings are reflected in a glass panel at the top of the Beijing Olympic Tower on August 25. China, whose slowing economy was one of the main sources of volatility before the virus struck, is now a stabilising force for asset prices. Photo: AFP Buildings are reflected in a glass panel at the top of the Beijing Olympic Tower on August 25. China, whose slowing economy was one of the main sources of volatility before the virus struck, is now a stabilising force for asset prices. Photo: AFP
Buildings are reflected in a glass panel at the top of the Beijing Olympic Tower on August 25. China, whose slowing economy was one of the main sources of volatility before the virus struck, is now a stabilising force for asset prices. Photo: AFP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Why China deserves more credit for recovery in global markets

  • Beijing has largely eschewed the Western playbook of monetary easing and relied on the banks instead to increase liquidity. Its efforts support a rebound in industrial activity that is stabilising the commodities markets and shoring up asset prices

Buildings are reflected in a glass panel at the top of the Beijing Olympic Tower on August 25. China, whose slowing economy was one of the main sources of volatility before the virus struck, is now a stabilising force for asset prices. Photo: AFP Buildings are reflected in a glass panel at the top of the Beijing Olympic Tower on August 25. China, whose slowing economy was one of the main sources of volatility before the virus struck, is now a stabilising force for asset prices. Photo: AFP
Buildings are reflected in a glass panel at the top of the Beijing Olympic Tower on August 25. China, whose slowing economy was one of the main sources of volatility before the virus struck, is now a stabilising force for asset prices. Photo: AFP
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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.