China

ON FINANCIALS

Short-term borrowing rates in China have soared to record highs as credit seizes up, prompting fears that the country's liquidity squeeze may be spinning out of control.

A sharp fall in factory output in China cast a shadow over the global economy yesterday as the eurozone remained mired in recession.

CHINA

Manufacturing has begun to contract in the US and China for the first time since the Lehman crisis, raising fears of a synchronized downturn in the world's two largest economies.

SECTOR REPORT

A-HA!

Paul Faulkner interviews Tom Coutts.

Guernsey plans to provide a financial services gateway through which structures, including funds, can be established for investing out of and into China.

F&C's co-head of multi-manager Gary Potter - a self confessed bear on Japan for many years - said the country is turning around for the first time in two decades.