Diana Choyleva has covered China for Lombard Street Research pretty much since she left university more than a decade ago. Lombard had successfully predicted the Asian financial crisis in the late ‘90s and she personally foresaw China’s rise to a dominant global player at the start of the year 2000.
By the end of its ascendance, however, she argued China had come to the end of its export-led growth model, forecasting growth to average just 5 percent a year in this decade.
Right now, the head of research and chief economist of Lombard is cognizant of China’s problems, but thinks a positive outcome for the world is possible under the right circumstances. A refreshing view.
It's in the interest of the rest of the world if the Chinese stick with reform to allow this depreciation in the Yuan instead of fighting it.
