China Syndrome

  • Edward Chancellor


Given the importance Marathon attaches to rational capital allocation and the need for supply-side discipline, it is not surprising that very few investments have been made in mainland Chinese equities over the years. Many of these firms are state-controlled. As a result, the efficiency of capital allocation and the interest of outside shareholders (particularly foreigners) tends to be subordinate to the state’s policy objectives.


Earning Manipulation Capital Return Chinese Bank Loan Growth Asset Management Company 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Marathan Asset Management LLP 2016

Authors and Affiliations

  • Edward Chancellor

There are no affiliations available

Personalised recommendations