Overnight press: China Is a Growing Worry Among Fund Managers

Wall Street Journal on China worries, quoting a survey of fund managers by Bank of America-Merrill Lynch:

Polled 222 fund managers who manage a total of $591 billion of assets
Their biggest worries throughout much of 2013 were political gridlock over the U.S. debt ceiling and the Federal Reserve paring back of its monthly asset purchases
Now 46%, say it’s a ‘hard landing’ for China and an accompanying collapse in commodity prices, is the biggest risk, up from up from 37% last month and 26% in December

But…

the growing worry about China’s economy doesn’t amount to bearishness. In fact, many investors remain convinced that China is well-placed to shrug off any market turbulence and still has policy levers it can use