China's banks: not as shaky as you think (AFP)
Worries about China’s slowing economy and property overhang leads many to think that China’s banks are due for the same kind of problems that banks in the West are currently facing.
But at least one investor disagrees. Gustav Rhenman, portfolio manager of East Capital, a Swedish private and public equity manager that invests in China and Eastern Europe, said that China’s banks are “misunderstood”, especially by Western investors.
This is especially the...