The gloomy business headlines this week are about China and the end of the economic world it’s been driving. Here’s another: ‘China economy grows at slowest pace in 25 years, world’s second-largest economy posts figures that add to fears of a slowdown that will affect financial markets across the world’. Except that was from January 2016.
News of China’s financial death have been greatly exaggerated, I’d say. It’s a dictatorship, and they can do and tell us they’re doing whatever they want. And check out the nationality of the tourists-taking-selfies in a Cotswold town or outside a Buckingham Palace near you. All will be well; until the next ‘crisis’ in a couple of years from which lots of people, mainly in China will make lots of money.