Weekend Roundup: Refugees and Market Woes Put World on Edge
Category: WORLDPOST
The undertow of China's slackening economy and the mounting tide of refugees pushing through border after border in Europe put the world on edge this week. After spiraling down, volatile stock markets rallied back, for now. . .

Writing from Beijing, Fred Hu argues that what we are witnessing is China's shift toward the "new normal" of a slower growth paradigm focused on domestic consumption instead of investment and export-led growth. He expresses confidence that his country will weather the storm, writing, "it is a loser's game to bet against China's leaders." Nobel laureate Michael Spence locates the culprit of market volatility in the flood of funds unleashed by low interest rates looking for higher returns, which has led to the gap between a financial bubble and the real economy now undergoing a correction. (continued)
By Nathan Gardels, ContributorEditor-in-chief, The WorldPost, 2015-08-29