William Bratton is author of "China's Rise, Asia's Decline." He was previously head of equity research, Asia-Pacific, at HSBC.
The four significant macro risks will all prove relatively uneventful over the year

Lujiazui financial district in Pudong, Shanghai, pictured on July 13: it is China's outlook, not the U.S.'s, which matters more. © Reuters
William Bratton is author of "China's Rise, Asia's Decline." He was previously head of equity research, Asia-Pacific, at HSBC.