The two moons that govern the fortunes of emerging market investors are waning in unison. China’s investment spending – the lodestar for EM commodity exporters – is slowing and the US Federal Reserve is sounding more hawkish toward unwinding monetary stimulus.
決定新興市場投資者命運的“兩輪月亮”同時開始暗淡下來。中國投資支出——新興市場大宗商品出口商的“北極星”——已開始放慢，美聯儲(Fed)也在釋放撤回貨幣刺激的更強烈信號。
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