China remains a hard market for generalists to call. On the one hand it is a fast-growing epicentre of emerging market expansion, on the other it poses cultural and regulatory challenges that make it hard to fathom.

In this podcast, Krystle Higgins spoke to Naomi Waistell, who runs the Polar Capital Emerging Markets Stars fund, to find out what it’s like for those investing on the frontlines. Waistell said there are interesting developments that may be going unnoticed, but there are also other significant issues all investors need to consider.