Investors in emerging Asia may be forgiven for looking ahead with a little trepidation. The twin engines of the region’s growth in recent years – cheap money supplied by the US Federal Reserve and China’s soaring demand – are beginning to sputter. The risks that tapering entails were already put on powerful display in mid 2013. On the Mainland, structural reforms, while urgently required, will curb any potential rebound. Plenty to keep markets occupied.
亞洲新興經濟體的投資者展望未來時感到些許恐慌，這或許是可以理解的。近些年來支撐亞洲經濟成長的兩大引擎——由美聯準(US Federal Reserve)提供的廉價資金以及中國不斷成長的需求——開始熄火。美聯準退出量化寬鬆蘊含的風險，已在2013年中得到了有力展現。而在中國大陸，雖然經濟結構改革亟待推進，但它將抑制需求的潛在反彈。這些因素足以讓投資者心神不寧。
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