China: Beyond trade tensions and tariffs

"What do you actually do?" may be the most feared query in the professional world. It sends shivers down the spine of anyone whose role and purpose cannot be neatly encapsulated in a dozen or so words. I am pretty confident about my own stock answer: "I co-manage an investment trust that specialises in Asian smaller companies." Yet there is always a chance that this response will prompt an even tougher follow-up enquiry: "Ah, so what do you think about China?" Good question. China has been among Asia's best performers in 2025, but what might the prospects for the world's second-larges...