Since late August, China¡¯s economy and stock prices have dominated headlines worldwide.
Chinese stocks plummeted about 30 percent over the course of a week in late August, affecting bourses around the world. Investors, brokers and strategists hold a poor outlook for China¡¯s economy, something that will likely be a major topic of discussion during the Annual Meeting of the New Champions, dubbed ¡°Summer Davos,¡± in Dalian.
However, a plunge in stock prices and slumping capital investment and consumption are ¡°growing pains¡± for China, which, as Chinese President Xi Jinping said, is entering a state of ¡°new normal.¡± Considering China¡¯s huge economic potential, Japanese companies should not panic and make a hasty decision of withdrawing or scaling down their Chinese operations, economists have said.
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