How Worried Should We Be About China?
October 05, 2015 at 12:08 PM EDT
When I lived in Hong Kong in the 1990s, Asia was a place of great mood swings. Today is no exception, with pessimism fast on the rise, as I observed during a recent trip to the region. What a leading shipping magnate told me about sums it up: “There’s no fun anymore.” China’s debt-driven growth...