Year of the Monkey review: SOEs, alts, passive vs active

Will China introduce meaningful SOE reform in 2016? Answer: No A year ago we expressed cynicism over the idea that Beijing would countenance short-term pain in the form of slower economic growth so it could truly reform China’s bloated, inefficient state-owned enterprises (SOEs). We were right to do so. China's president, Xi Jinping, has sought to do what’s wise for China in the long term by steering the economy as a whole away from its addiction to exports and infrastructure …