Robin Parbrook, manager of the Asian Total Return investment company, says authorities and investors alike need to accept a prolonged period of slower growth in the Chinese economy.
China’s credit bubble has got ever bigger and more opaque. However, what is fascinating about China at the moment is it could finally be on the cusp of genuine change. This, combined with poor market sentiment (everyone now accepts there has been an unsustainable credit bubble), and woeful long-term stock market performance, is making investors materially more interested in adding to positions in China. Upbeat sentiment So why are we feeling more upbeat on China? Firstly, if little has fundamentally changed from a year ago and the market has performed woefully, then with lower valu...
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