After years of unrelenting growth, the long awaited correction in the Chinese Shanghai Composite Index has taken place with its predictable effect on the rest of the world.  How surprised should we be, as it has risen by 150% in one year and has now lost 43% of its value since June?

China, for their own judicious reasons, has been overstating its meteoric growth for the past ten years and, as we all know, the climb to be the ‘largest economy on earth’, is beset with obstacles. Continue reading →