Archive for May, 2015

Bloomberg: China Reforms Head Down Path Littered With Crisis Casualties

“This has been a long-standing debate: should emerging markets opt for ‘cold turkey’ or ‘gradualist’ approach. We know that Russia has taken the former path while China has taken the latter,” said Stephen Jen, co-founder of SLJ Macro Partners LLP in London and a former IMF economist. “I think China is very pleased with its ‘gradualist’ approach.”

Read the original article on the ‘Bloomberg’ website.