China’s fast economic growth is over. The government has been talking about stimulating the economy for three months – with few actions to follow through. Meanwhile, stock moves have been so sharp and volatile that by the time foreign investors figure out what’s going on and decide to buy into the rally, chances are they will be left holding the bag. The era of making easy money from China seems behind us.

Nonetheless, the country’s sheer scale and prominence in the global supply chain means economic dynamics there can affect investment portfolios that don’t have direct exposure. What happens in China doesn’t just stay in China.

Bloomberg Opinion