, Columnist
Xi Jinping Is Sending Mixed Messages To Investors
If you look at China as a company in distress, the twists and turns in official policy may make more sense.
A different way to think about China.
Photographer: Qilai Shen/Bloomberg
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A company is in distress. Its financials are in shatters. Its brand value is being questioned. The chief executive officer has a broad blueprint to revamp and he has the support of some board members. But for a complete re-branding, he needs the approval of the chairman first.
This is a process that distressed assets managers are all too familiar with. It’s also a good framework for investors to use when they think about China.