By Julien Calavia, Analyst, Hedge Funds, Aberdeen
In the second in a three-part series on China, Julien Calavia, Analyst, Hedge Funds, explores the country’s liberalisation of its interest rate and derivatives markets.
Unless you’ve been living under a rock, you’ll be aware that things are afoot in China. The country’s economic transition from investment and industry-led to one driven by consumption and services has resulted in an inevitable slowdown which has widespread implications for global growth. The US Federal Reserve and other major central banks are now factoring in China’s slowdown in their decision on key interest rates, a situation that would be unthinkable a few years ago.