China's problems worse than Europe's, says Jim Walker
Emerging markets will suffer most from stimulus spending by the US and elsewhere, and China’s money supply is even greater than America's, says the founder of Asianomics.
As the so-called peripheral European Union countries struggle with debt crises and the US embarks on another round of stimulus spending, governments – including those in Asia – are taking the wrong response to their economic woes.
So argued Jim Walker, founder of research house Asianomics and former CLSA chief economist, in a speech at AsianInvestor’s Southeast Asia Institutional Investment Forum last week. He made some bold comments, including that the euro is “finished”, China’s pro…
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