Florian and Sebastian analyse why China was less severely affected by financial crises over the past forty years relative to other emerging markets and developing economies. By drawing on lessons from past financial crises, they shed light on the notion that China had crucial advantages which made the country less vulnerable to financial crises. They go on to hypothesise that certain variables have changed, thus leading to increased fragilities of China in the second half of 2015 and 2016, as well as in 2020 and 2021.

Florian Mayer is portfolio manager with LGT and has more than 15 years of investment experience. Before joining LGT Florian was responsible for global emerging markets strategies in the quant equity team at DWS and worked as portfolio manager at Kathrein Privatbank. Florian is a CFA charterholder and completed the CQF programme as well. Florian has a master’s degree in Economics and Computer Science from the Vienna University of Technology.

Sebastian Petric is a portfolio manager with over 10 years of experience investing in emerging markets and developing economies. Sebastian is an investment professional with LGT and worked previously as a capital market researcher with Raiffeisen Bank International and as a director in the investment office of UBS. He was educated at the Vienna University of Economics and Business, the London School of Economics and the University of Oxford. Sebastian has a strong interest in asset pricing, development finance, inclusive globalisation and sustainable economic growth and recently published his book entitled: “Predictability of Financial Crises: The Impact of Fundamental, Policy-induced and Institutional Vulnerabilities on China Compared to other Emerging Markets”

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