China slowdown is now top concern of Asian treasurers

Singapore

CHINA'S economic slowdown has replaced foreign exchange volatility as the single largest concern for company treasurers in the Asia-Pacific region, according to a survey by JP Morgan.

Companies are also less concerned about interest rates, and most plan to use excess cash for strategic purposes, JP Morgan found in its twice-yearly survey of treasurers.

China's downshifting economy, which is expected to grow at around 7 per cent in 2015 from double-digit expansion in previous years, was cited by 48 per cent of respondents in the October surv…