Oil-out war!

As managing partner of Hexam Global Emerging Markets fund, Bryan Collings' investment universe stretches form the Gulf of Mexico to the Mongolian Steppes. But two of the most fascinating markets that he is currently deliberating over are Russia and China

Russia and China are uneasy neighbours - the second largest importer of oil is bordering the second largest consumer of the commodity.

China became communist, following Russia's footsteps. Russia embraced a market economy in the early 1990s - China entered the new millennium as a communist state but managed successfully to combine the capitalist practices with the old ideology. The evolution of both economies is ongoing.

The main prize is global capital. China is winning so far and not just on the

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