We were of course due to leave Europe today, but it looks as though we will be in for a little longer.It has been hard to concentrate on any financial news that is not about Brexit, but not only is their economic life outside the EU, we will probably need to become more involved in it.
We have all become used to the idea that China has become the engine that powers the world’s economy. In the past 30 years, it has developed a monied class with a taste for everything from consumer electronics to Rolls-Royces, an advanced manufacturing base and an economy set to outpace that of the US.
The service sector has tended to be a consistently good performer even when the rest of the economy is underperforming. Recent figures suggest that the sector might not be delivering its usual positive results.