Investors eagerly await China entry into WTO

China remains a dilemma for economic strategists who see it as not only an equity market with an almost unlimited upside but also one in which traditional investment criteria cannot be applied. Doubt over the credibility of official macro-economic figures, management practices and the market-distorting influence of the Communist government means many foreign investors are cautious about their ability to apply a bottom-up, stock-picking approach to selecting Chinese equities. Perhaps not surprisingly China's expected inclusion in the World Trade Organisation (WTO) later this year is seen a...