Is China cheap enough to buy into again?

Ben Willis, head of research, Whitechurch Securities Twelve months ago, there were serious concerns China was facing a potential financial crisis but, in the summer, the government stepped in and injected the necessary liquidity. The Chinese government is in complete control and can take measures to stop things going into meltdown. The big question now is how China will move to a domestic consumption-led economy. That is not going to happen overnight. At the moment, only 30% of China's GDP is attributable to consumers. China already has wage inflation and another longer term driver ...