China in holding pattern, India needs reforms: 5 key insights from Jim Walker
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The global economy is at a crossroads as the US Federal Reserve’s cautious rate cuts, escalating geopolitical tensions, and volatile commodity markets continue to shape investor sentiment. Speaking to ET Now, Jim Walker, Chief Economist at Aletheia Capital, said China is in a “holding pattern” in 2025, while India remains a standout story—provided it takes bold steps to cut red tape and improve its business environment. China: Waiting for policy clarity Walker noted that China’s slowdown is largely the result of deliberate policy measures to deflate its overheated housing market. “The property sector had become too large, and Beijing rightly tried to rein in speculative excesses. That has naturally slowed growth,” he explained. For now, China is refraining from massive fiscal or monetary stimulus. “This year is about waiting. There’s no point in overstimulating if tariffs from the US do not materialise. By the end of the year, clarity on ...