Hedge fund bears take grisly view on China

Hedge fund bears are circling the China market, with sceptical managers predicting that 2014 could be the year that will see a reckoning in the world’s second-biggest economy. A mainland stock rally at the end of 2013 has failed to sustain momentum early into the new year, dampening optimism that one of last year's worst-performing equity markets could be on a path to recovery. Combined with a tightening of domestic credit and an expected start to tapering of US Federal Reserve …