With many investors blaming the Federal Reserve for the recent emerging market rout, analysts told CNBC that China may come to the rescue.
“China will be the real driver of an emerging market rebound, it will be its savior,” said Paul Krake, founder of View from the Peak: Macro Strategies.
“A reduction in the Fed’s asset-purchase program is a concern but well telegraphed… While not the panacea for deficit emerging market economies, a Chinese rebound is a tremendous help both in terms of export recovery and asset market sentiment,” he added.
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