International Law

U.S. recession fears not a global concern for China, India and the developing world

By Andy Scott

SAN FRANCISCO, Jan. 24 - Chris Devonshire-Ellis, Senior Partner of Dezan Shira & Associates and publisher of China Briefing has just been interviewed by Agence France-Presse over concerns that the U.S. markets may well tip the world into a global recession. We reproduce the interview below:

AFP: Everyone is saying the U.S. is having a recession; we want to do a story on the emerging markets power, say China and India. Since your firm is very familiar with these markets and the topic, we?d like to have your opinion on the following questions. Can China and India help the world lessen the impact of a global economic slowdown?

CDE: Yes. Neither markets are particularly integrated with the United States and both have market fundamentals that have separately evolved from the West over the past 60 years. The media quotes the Shanghai bourse for example, but it’s unnecessary, the Shanghai market isn’t interactive with global markets and serves only China’s domestic market. (more…)

Full post as published by China Briefing Blog on January 24, 2008 (boomark / email).