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China: Current Questions, Long-Term Opportunities
By Advisor Perspectives
What happens with the Chinese economy? How much does it slow? Very, very difficult forecast to make.
I was in Beijing a few weeks ago and meeting with a number of senior, kind of, government officials and other very—let’s put it this way—plugged-in constituents in that market. And I think the one takeaway I walked away with is: the goal of that government is economic stability. They’re willing to take somewhat slower growth, but not too slow, that it unsettles that stability. And that they’re going through this process in their economy of going from a kind of materials-led growth period, whether that’s construction or infrastructure or exporting steel to other countries, to more of a consumer-led economy. And that transition has been under way for a number of years, but that takes years for that to happen.
Read more at Advisor Perspectives.
Photo: sung ming whang