Thats Goldman Sachs (Private Wealth Management) view on all this PDF pages worth
They've a new report out on it (it might make for weekend reading, its a biggie ... 74 PDF pages worth!)
Thankfully, Bloomberg have given us the gist of it. From the GS report:
"We believe that developed financial markets will, in all likelihood, overreact to deteriorating conditions in China"
"We conclude that the direct and indirect economic and banking sector exposures to China are not of a scale to have significant impact on major economies and financial markets"
GS expects China concerns to create volatility for the next five years, infecting other emerging markets. What to do about it?
Their recommendation is to reduce exposure to these vulnerable assets
K, thanks.
