Watching from the sidelines

As Chinese markets plunged 8.49 per cent on Monday sending jitters across global indices, industry insiders yesterday were cautious about its potential spillover effects into the Kingdom, suggesting a wait-and-watch approach to its impact on foreign investment, tourism and the construction sector.

Jay Menon, lead economist for trade and regional cooperation at the Asian Development Bank, said the depreciation in the Chinese yuan and the GDP slowdown in China – one of the reasons for the Shanghai stock exchange plummeting on Monday – will reverberate through the region. …

 Ananth Baliga
http://www.phnompenhpost.com/business/watching-sidelines

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