Why China will be the best emerging market in 2013

China will be the most attractive emerging market in the next six to 12 months, according to Conrad Saldanha of Neuberger Berman.

The manager of the Emerging Markets Equity fund is particularly enthusiastic about this market, even though many of his competitors are betting against the country. He said: “It is currently trading two standard deviation points below its long-term average, but balance sheets and growth prospects are very supportive.” He added not all Chinese state-owned companies are bad. Some of the banks, for example, are well-provisioned and have a high return on assets, while other state-owned enterprises have listed and highly profitable subsidiaries, like waste disposal specialist China Everbri...