Brisbane Action Plan should be properly implemented by G20
As G20 finance ministers and central bankers prepare to meet in Ankara on Thursday and Friday, global investors are nervously bracing themselves against the shocks of stock price swings, oil price fluctuations and currency volatility, along with the contraction in China's manufacturing activities.
The benchmark Shanghai Composite index fell by more than 4 percent on Wednesday morning after the release the previous day of two factory activity indexes that showed multi-year lows. This deepened the gloomy global outlook on China's economy, reinforcing the impression that Wall Street, and almost every other stock market in the world, gets a cold when Shanghai sneezes.
But should global policymakers accept this as a convenient explanation for the increasing global uncertainties?
