No sooner have the Christmas decorations come down than new ones have gone up to mark the Lunar New Year, which starts on 5 February, writes Martin Gilbert.
It is good riddance to Year of the Dog and welcome to Year of the Pig - a symbol of wealth and prosperity in the Chinese zodiac. What a dog of a year 2018 was for global equity markets and especially for China's A-share market, with the CSI300 Index falling 26%. As anyone who has spoken to investors in China recently will know, sentiment there is negative. The country's economic growth is slowing, bankruptcies are on the rise and the US-China trade war rumbles on. Importantly though, China is not on the cusp of the sort of slowdown that might warrant such aversion. Yes, the economy is...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
