China bashing gets a little tiresome for me. While there is so much to attack in terms of the quality(and accuracy) of information flow and data, the political process, the market structure of the economy, the access of investors to the economy…
Analysis of capital flows is a fundamental part of being an investor in EM. What do the flows mean, what are the trends, where are they leading??? The data we have endured in the last 6-8 weeks in EM is nothing short of remarkably bad.
EM in Perspective: See attached graph and you can see that the MSCI EM (benchmark for EM equity) has annualized at 7.44% a year in the last decade.