The FT on Investing in China

The Financial Times reports on some of the risks of investing in China: "The vast majority of listed companies remain majority state-owned and senior management appointments are made by the Communist party. As a result, senior executives always have an eye on their political responsibilities. Investors hoping to back successful management teams of state-controlled companies must be prepared for their favoured chief executive or chairman to be transferred suddenly to the helm of a rival company or the governorship of a province." As I mentioned before, as a casual reader with no particular expertise in China, it seems to me that since the Washington Post's Phil Pan left for Moscow, the FT has had the best China coverage of any of the Western dailies.