Bevan Graham, NZ Chief Economist

In our “Themes for 2018” we postulated that, at some point around the middle of the year, concerns about China growth would re-emerge. We have not been disappointed.

The concerns are partly China-specific. Assets have come under pressure recently reflecting a renewed slowdown in growth amid continued deleveraging and rising default risk. The trade war with the US has also contributed to the general uncertainty and negativity …