cabot investors conference 2014. cabot investors conference 2014 the five biggest stories in...
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Cabot Investors Conference 2014 www.cabot.net
The Five Biggest Stories
in Emerging MarketsPaul Goodwin
Chief Analyst, Cabot China & Emerging Markets Report
[email protected] @ChinaHandPaul
Cabot Investors Conference 2014 www.cabot.net
China: Anti-corruption• Xi Jinping actually means it this time!
• Tigers and Fleas
• Zhou Yongkang, former Politburo member and security czar
• PLA officer (and former Politburo member)
• “Naked officials” and the man with the Rolex
• Golf and Cognac
Cabot Investors Conference 2014 www.cabot.net
China Retail! • 58.com (WUBA)
• Jumei (JMEI)
• E-Commerce China Dangdang (DANG)
• LightintheBox Holding (LITB)
Cabot Investors Conference 2014 www.cabot.net
India: Gridlock and Progress
•New government led by Narendra Modi
•Leader of Bharatiya Janata Party
•Has an absolute majority in Indian Parliament
Cabot Investors Conference 2014 www.cabot.net
Russia: Sanctions
•Putin strangling freedom
•Takeover of Crimea
•Continuing conflict in Ukraine
Cabot Investors Conference 2014 www.cabot.net
Argentina: Default
•Great Argentine Depression 1998–2002
•Restructuring in 2005 and 2010
• IMF loans repaid by 2006
•93% of bonds out of default by 2010
•Vulture funds