Economies robust and corporate debt low

All eyes are on China at the moment where a significant stock market bubble is inflating. A million new accounts are being set up by retail investors each week and initial public offerings (IPOs) continue to trade at vastly inflated premiums. The Chinese bubble may have an impact on the performance of the emerging market asset class over the rest of the year. The Chinese government has attempted to slow down the economy and curtail the rising stock market. Interest rates have been raised four times and bank reserve requirements seven times to reduce bank lending. Stamp duty has also been ...