The sleeping dragon awakes

China’s emergence as the world’s newest economic superpower has made the west sit up and take notice

They call it the dead cat bounce - the moment when markets react without anyone being quite sure whether it’s for real, or just a temporary uplift before the downward trend re-establishes itself. As the G20 leaders were leaving London with their vast entourages, across the world - from Tokyo to New York - there was just a smidgen of optimism in the markets. Saving the world is a complex business and, as ...