China's problems worse than Europe's, says Jim Walker

As the so-called peripheral European Union countries struggle with debt crises and the US embarks on another round of stimulus spending, governments – including those in Asia – are taking the wrong response to their economic woes. So argued Jim Walker, founder of research house Asianomics and former CLSA chief economist, in a speech at AsianInvestor’s Southeast Asia Institutional Investment Forum last week. He made some bold comments, including that the euro is “finished”, China’s pro…