Dragon years have a reputation for breeding volatile personalities. So we’re bracing for a another bumpy ride this year, but believe it won’t be as harrowing as 2011 – when the staggering highs of an over exuberant, IPO-fueled stock market clashed with the crippling effect of short sellers crying fraud at even the faintest whiff of poor management.
This year is about judging the short-term impact of a macro slowdown against the likely winners and losers in a Chinese Internet that is maturing and forcing old incumbents to seek new growth in unfamiliar territory.