Investing in China: Silk (Road) Purse or Sow’s Ear? An interview with Scott Malpass and Jay Willoughby
By Laurence B. Siegel Introduction In the recent past, American investors' views on China have rotated from unblemished enthusiasm to substantial caution. From the radical reforms of Deng Xiaoping in 1978 until quite recently, we absorbed a flood of good news from China, punctuated by the awful Tiananmen Square massacre…