 "Best of BS Opinion: China's long stumble, importance of Asean & more")
A fatal loss of confidence appears to have taken hold among investors in China with a near-consensus that Beijing has neither the tools nor the inclination to change the fact that decades of fast growth are coming to an end. For other emerging markets, including India, an interesting phenomenon has emerged, meanwhile: A decoupling of investors’ expectations from what they predict for China. For the past year or more, Chinese stocks have tracked downwards while other emerging markets have been on an upward path. This is the first time in two decades that such a divergence can be seen. In China’s stumble lies an opportunity for other developing nations, the top edit says. Read it here
In other views:
Amita Batra assesses the importance of ASEAN for India ahead of review of the ASEAN-India Trade in Goods Agreement next month. Read it here
Rajesh Kumar says faster fiscal consolidation will require the tough work of expenditure adjustment. Read it here
The second edit says the Suryodaya Yojana must address the challenges inherent in implementing rooftop solar projects. Read it here
QUOTE OF THE DAY
“They are doing a rally here… Even as a matter of courtesy, did they even once inform us, say, ‘Didi, I am coming to your state’. I have no relations with the Congress as regards Bengal”
West Bengal chief minister Mamata Banerjee