Not everything is rallying this year. India is down, which is interesting as it is a perennial favourite with international investors. Mark Tinker, Head of AXA Framlington Equities in Asia, is concerned “notably” concerned about the extent and composition of India’s growth compared to China as well as the fact that since 2013 the Chinese currency has depreciated 8% against the US Dollar while the Rupee has dropped 31%.
India and China
BEIJING | By Andy Xie via Caixin Magazine | India and China, the elephant and the dragon, are entering a new chapter, and the main question they both face is whether they will reform before a crisis or after.