China growth expectations plummet

Against a backdrop of economic crisis in the eurozone and monetary tightening measures in China, investors have grown more cautious globally, particularly with regard to China and Europe. This marks a significant switch from the heightened risk appetite seen last month. According to Bank of America Merrill Lynch's fund-manager survey for February, a net 7% of global respondents expect China's economy to strengthen in the coming 12 months, down from 51% in January and the lowest readi…