The document provides an analysis of the Chinese economy and equity market, highlighting concerns about the debt trap in the corporate sector and local government. It discusses the deterioration in productivity and the dysfunctional relationship between local government and the corporate sector, which leads to resource misallocation. The document includes a table showing CROCI data from 1997 to 2013.
doj/DataSet10/EFTA01451035.pdf
{"title":"GEM Equity Strategy Outlook 2014","key_people":["Francesco Curto","Michael Spencer"],"document_date":"2013-12-11","document_type":"tabular","key_locations":["China"],"key_organizations":["Deutsche Bank","MSCI","Fitch"]}