Asia Remains an Interesting Place to Invest, Says Elston
China's slowing growth sharpens the dilemma facing the nation’s policy makers -- boost demand with cheap credit that risks undermining financial stability, or curb debt expansion even if that slows the economy. The nation's recent economic stabilization faltered in July as factory output, retail sales and investment all slowed. With tepid global demand giving no aid and businesses at home reluctant to invest, the government has increased fiscal support this year, even as it held off from further benchmark interest-rate reductions. Seneca Investment Managers Chief Investment Officer Peter Elston discusses Bloomberg's Manus Cranny on "Countdown."