Handle with caution

By Nicholas Yeo, Director and Head of Equities (China/Hong Kong), Aberdeen

We’ve been visiting China a lot of late. Last year our fund managers made 190 company visits to the mainland, and that’s not including the meetings with management teams based in Hong Kong, from where we do the majority of our China research.

Aberdeen has always liked the China story — the rise of the middle class, urbanisation, high savings rates, pent-up demand — but the one thing that has always prevented us from jumping in with both feet has been the poor quality of many of the companies we find there.

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