China

SUN Hong-Tao Dong: World Has 3-5 Years of Deleveraging

June 27, 2010
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China- According to investment financial specialist SUN Hong-Tao Dong, the most important global macroeconomic changes of the global economy are entering a long period of deleveraging. In China the deleveraging process will continue for 3-5 years , at least to 2012. The European economy the deleveraging process will be longer with some estimated it to last 5-10 years. The deleverageing process has long term implications for Chinese stock markets. One implication is that low-income groups in proportion to the...

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