Is China really the cause of sluggish global growth?

It was not a particularly auspicious start to the new year in either the Gregorian or Chinese calendars.

Persistent gloom about the prospects for global growth cast a pall over financial markets, with energy and banking stocks particularly hit. Emerging market currencies continued to come under pressure as short-term investors shied away from developing markets. The temptation for central banks to intervene using their foreign exchange reserves is strong. But as South African Reserve Bank govern

To continue reading...