Sentiments on China

Is China facing an uphill task to overhaul its economy? Definitely. Can China pull through this tough patch and set its economy straight? Many are pessimistic about it, but there are experts such as Jim Walker, a long-time China bear, who think otherwise. “I was more worried about China four years ago than I am today,” says Walker. He feels that it will not be China’s 1 trillion dollar debt, corruption, communism or shadow banking that will cause trouble for the country, but rather the overly pessimistic global sentiments towards China. “The real job for me now is to critically assess whether there are enough things in the China bag of tricks to avoid a catastrophic outcome,” said Walker during an interview in Beijing last week. “At the moment, I would say there are.”

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