Parts of China's Economy are in Recession, Says Jeffrey
Emerging-market currencies fell toward the weakest level since March after the dollar advanced and Chinese economic data that missed estimates cast a pall over Asia’s economic outlook. Chinese industrial production, retail sales and fixed-asset investment all fell short of what economists had been anticipating. A gauge of the greenback rose for a third day after a jump in U.S. shop sales. China’s disappointing data came on top of indicators from around the world showing the pace of global expansion remains sluggish and also put paid to signs that growth in Asia’s largest economy had been starting to recover. Cazenove Capital Chief Investment Officer Richard Jeffrey discusses with Bloomberg's Anna Edwards in London and Manus Cranny in Dubai on "Countdown."