US, Europe, Japan, UK), managed to find assets in which it could be invested, be it emerging market assets or commodities. In fact, commodity prices managed to stay well supported after their post-2008 crash, until they started to unwind from mid-2014. (Chart 3)  2  BIS central bankers’ speeches  6.
There are now indications that China’s efforts at rebalancing its economy are facing serious challenges, at least in the near term. Prolonged slowdown in developed economies is increasingly making it improbable that even a big economy like China will be able to create the level of demand lost by the advanced economies for much longer.