China rebalancing happening: Chovanec

Patrick Chovanec of Silvercrest Asset Management argues China’s rebalancing is happening despite recent market intervention.

China rebalancing happening: Chovanec

Patrick Chovanec, chief strategist at Silvercrest Asset Management, a $19 billion firm based in New York, argues China’s rebalancing toward a consumer-led economy is happening regardless of what the authorities do. The relevant question for equity and bond investors is whether this happens in a constructive or destructive manner with the summer’s market intervention suggesting the latter.

Chovanec, a Twitterati with over 23,000 followers, is a regular commentator on Chinese and economic affairs. His...

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