Lang snaps up ‘heavy cyclicals' in view China economic cycle is bottoming out

Ardevora co-founder and fund manager anticipates peaking inflation and looser lending rules will unleash new economic growth phase in China.

Ardevora co-founder Jeremy Lang has begun snapping up “heavy cyclical” stocks in the view China is nearing the bottom of its economic cycle. The manager of the £5m Ardevora Global Equity fund has identified two catalysts which will signal the turn of the economic cycle in China – leading to a boost in global growth – and has already positioned his portfolio accordingly. He anticipates peaking inflation in China and looser lending rules for banks as triggers for the government to revert to monetary easing and unleash new economic growth. “What is going on in China is a classic ec...