As the sun sets on the last weekend of the US Open tennis tournament just outside Manhattan, it marks the bitter end of summer. As a kid growing up around New York and playing my fair share of tennis, the game was religion and Flushing Meadows was the temple. As the US Open comes to an end, I always think back to Pete Sampras’ success there — at age 19, he took the city by storm beating Andre Agassi in 1990; then, 12 years and 13 grand slams later, he beat Agassi again for his 14th, a record at the time.
The steady drumbeat of news of China’s macro-economic slowdown has continued, taking Chinese equity markets down seemingly with each headline. Meanwhile, the US stock markets have been hit hard in sympathy, with investors clearly worried about the impact a slowdown in China may have on the global economy. With this tumult, we’ve seen a chorus of negative sentiment from leading Silicon Valley voices regarding China.