Global economists and Asian investment bankers share one common trait they’re all praying for the health of China’s economy.
The country’s fortunes are fundamental to the pace of global GDP growth and are the catalyst for Asian investment banking activity. Put simply, if Chinese companies do a lot of deals, investment banks in the region have a good year. But the reverse is also true.
Worryingly, Chinese growth is still slowing. The central government forecast economic growth for 2015 of 6.9% most economists predicted something closer to 6.5% and believe it could slip under 6% in 2016.
Off the back of this slowdown, investment...
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