Weakness in China causing unease in global mkts: Udayan
August 6th, 2009
CNBC-TV’s Udayan Mukherjee said China, that has been causing turbulence in the global markets, has again suddenly slipped-off around 3%. “There is a lot of discussion on whether China is overheated, whether the breaks will come down, whether there is a bubble in that market and whether it needs to correct substantially,” he said.
Mukherjee said there is considerable apprehension on China and nobody knows whether it will eventually lead a bigger correction or trigger-off a bigger correction.