(CNN) – There was lively debate among Business 360 readers on question posed by Friday’s post China slowdown bigger worry than eurozone?
The heart of Friday’s post was the conversation CNN’s Richard Quest had with Jim O’Neill, chairman of asset management for Goldman Sachs, that the slowdown of developing economies such as China was more worrisome than the eurozone crisis.
Many of the dozens of comments from Business 360 readers can be summed up in two words: What slowdown?
Jon B: “I'm an American and I've been living in China for 5 years. Yes, businesses are hurting and prices are rising, but China's people are only getting richer. Their economy is doing just fine for right now. Maybe within the next five to 10 years China will resemble the U.S. and its current struggle, but for now they are full steam ahead. There aren't many icebergs big enough to cripple this boat just yet.”
Hong Kong (CNN) – Will China’s economy have a hard landing, soft touchdown or slow ascension?
The lack of strong action Thursday from the European Central Bank on Europe’s spiraling debt crisis – coupled with similar inaction from the U.S. Federal Reserve on the slowing U.S. economy earlier this week – has ratcheted global investor stress on how China will handle its own slowdown.
The question percolated throughout interviews on CNN International business shows this week.
“It is quite disturbing that Brazil and India have slowed down so much, obviously there’s this huge debate going on about China’s slowdown,” Jim O’Neill, chairman of asset management for Goldman Sachs, told Richard Quest when he argued the slowdown in developing behemoths like China and the rest of the BRIC bloc is more worrisome than the eurozone crisis.
Investor Mark Mobius, head of Templeton Emerging Markets Group, disagreed.
"A lot of people ask me if China is going to have a hard or soft landing," Mobius said. "And I say they are not landing. They're continuing to grow and they're growing at a pretty fast pace."
Still, the signs of a China slowdown are many. Inventories in factories are piling up, and companies ranging from electronics, airlines and sportswear have issued profit warnings.
“While the world fixates on what the Fed and the ECB have up their collective sleeves to stem the sovereign debt contagion and to spur growth, it appears to me that the policy prescriptions might need to include China,” wrote Mike Paulenoff of MPTrader.com. “As in, how to avert a hard landing?”
So, hard days ahead for China? Will its economy touch down gently, or is it likely to trampoline – with help from Beijing – like it did in the wake of the 2008-2009 financial crisis?
Have your say. Leave a comment below.
London (CNN) – British Prime Minister David Cameron has made no secret of the spoils he hopes that hosting the Olympics will bring to London - and the UK.
The estimated $20 billion of investment over the next four years would offset some of the $14.5 billion splurge of staging the Games.
Last week he helped launch a $1.6 billion investment drive to drum up business for UK plc.
Editor’s note: Outlook is CNN's in-depth look at business climates around the world. To August 12, 2012, we’re focusing on Singapore.
Singapore (CNN) – Singapore has no room for solar mirror farms, its coast is used for ports and shipping lanes and its tropical air may be ideal for holidaymakers, but no good to generate wind power.
Despite these natural disadvantages, the country is trying to position itself as a world leader in clean energy. FULL POST
London (CNN) – Did London 2012 Olympic organizers scare off too many people?
It started to occur to me last week that I was getting seats on trains and buses at times that I shouldn’t. I had the fastest commute home in 22 years. I beat my best by ten minutes and now compare myself to a certain female swimmer.
Transport For London (TFL) warned us for years that there would be a 20% increase in travel during the Games and that certain stations would be "exceptionally busy."
Editor's note: Make Create Innovate takes you on a journey to the heart of the latest inventions that promise to transform our lives in the 21st century. Catch it on Quest Means Business, fortnightly from September Thursday 27 and find it online at its new home page.
Editor’s note: The Millennials are a generation that are constantly plugged in and moving fast to make their mark on the world. CNN’s Quest Means Business is tracking four of them.
(CNN) – Milli Bongela has the drive and the initiative to be her own boss. That much we have already discovered, as she is one of our Millennials. When she started her own clothing retail company, she showed true Millennial spirit and determination.
Making that first bold move is one thing. She's now discovering actually making money is quite another. Being Millennial is no guarantee of profit. Bongela looks for advice on handling her cash.
About Business 360
CNN International's business anchors and correspondents get to grips with the issues affecting world business, and they want your questions and feedback.