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@Michael-official I think that precisely because China has done so badly in the last 12 months, the chances are higher than 12 months ago that it will do better in the next 12 months.
Sentiment is poor, share prices are down - actually ideal conditions for a contrarian. If it wasn't a country on the road to totalitarianism...
Sentiment is poor, share prices are down - actually ideal conditions for a contrarian. If it wasn't a country on the road to totalitarianism...
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@Epi Your last point is the decisive one for me. Xi Jinping is absolutely unpredictable. He sees himself in the same tradition as Mao and is building up an equally large personality cult around himself - even though he and his family suffered under Mao because his father, also a senior CP official, had fallen out of favor. Anyone who has his predecessor (Hu Jintao) taken away on a pretext in front of the entire party at the Communist Party Congress is capable of anything. And that's saying something in China when you look at Mao's atrocities such as "the Great Leap Forward" or the Cultural Revolution.
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