No Credit Crunch in Asia

Despite the global credit crunch and the PRC's overheated economy, investor uncertainty will not extend to Asia, according to Merrill Lynch's analysis report.

“Global credit markets are in trouble, but there are few signs of a credit crunch in Asia, in our view,” said TJ Bond, economist at Merrill Lynch. It is true that the credit crisis has now spread to many regions outside of the US, but only 4% of outstanding credit is accounted for in Asia, he said.