China recession “inevitable”

Chinese corporates will have to cut their debt levels at some point, and when they do, a recession will ensue, argues Gillem Tulloch, founder and managing director of independent research house Forensic Asia. That will be necessary to create a more sustainable model for economic growth, he adds. Tulloch was speaking on a panel in Hong Kong last week – titled ‘Should investors be concerned about a China slowdown?’ – hosted by Kuwaiti asset manager Asiya Investments, which recently …