A tale of two halves

Rapid swings in investor sentiment towards China bode well for a second half of financing.

Blink and you will have missed it. The change in sentiment towards China over the past few weeks has been quite startling. China long an obsession with all international financiers and business people is particularly prone to the the vagaries of greed and fear that govern international capital markets. In the first half of the year, fear ruled. But now optimism and greed are firmly back in.

The agreement signed between China and its bilateral trading partners to...

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