China has not followed the traditional route of capitalism we have observed over the past century or so – and this scares investors.
Roughly, the association in our heads is that as a country develops and engages with the world, it grows in size and importance. Normally this is hand-in-hand with aspects such as democratic governments, free markets and two-way foreign investment - all of which have been shown to result in good things. The Big Question: What do the markets have in store for China in the Year of the Ox? We also have an idea as investors about what doesn't help. Closed markets, state interventions and autocracies do not result in successful global economies; we know the stories of the Soviet Union,...
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