People stand in front of an electronic display showing the Hang Seng Index in Central on July 26 after stocks plunged as tuition firms were hammered by China’s decision to reform the private education sector by preventing them from making profits. Photo: AFP People stand in front of an electronic display showing the Hang Seng Index in Central on July 26 after stocks plunged as tuition firms were hammered by China’s decision to reform the private education sector by preventing them from making profits. Photo: AFP
People stand in front of an electronic display showing the Hang Seng Index in Central on July 26 after stocks plunged as tuition firms were hammered by China’s decision to reform the private education sector by preventing them from making profits. Photo: AFP
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Why emerging markets will weather China’s regulatory crackdown just fine

  • Most emerging-market investors have little choice but to stick with China as its size and importance force investors to maintain their exposure
  • With previous China-led sell-offs having given way to rallies, emerging-market stocks could recover sooner than many think

People stand in front of an electronic display showing the Hang Seng Index in Central on July 26 after stocks plunged as tuition firms were hammered by China’s decision to reform the private education sector by preventing them from making profits. Photo: AFP People stand in front of an electronic display showing the Hang Seng Index in Central on July 26 after stocks plunged as tuition firms were hammered by China’s decision to reform the private education sector by preventing them from making profits. Photo: AFP
People stand in front of an electronic display showing the Hang Seng Index in Central on July 26 after stocks plunged as tuition firms were hammered by China’s decision to reform the private education sector by preventing them from making profits. 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.