How should global investors interpret recent events in China, and what can they expect for early 2017?
Despite the bumpy road over the past year, the promise held out by the IMF’s decision is gradually being realized.
MSCI’s recent decision to delay including China’s local shares in its emerging markets equity index reflects the views of its clients ‒ the global investors who use the index.
The property market perhaps generates the widest concern, but in our view, equities will be hardest to control.
China surprised investors by announcing that it will broaden foreign access to its interbank bond market. What’s next?
Inclusion of the Chinese yuan in the IMF’s basket of reserve currencies, expected to be approved at the end of this month, heralds China’s increasing presence in global capital markets.
Hopes were high last year that India’s new Prime Minister Narendra Modi could revitalize the economy, but expectations were far too optimistic, and a more mixed, pragmatic outlook has since taken hold.