China: A Transition Well Underway – Matthews AsiaGuest Post
China: A Transition Well Underway by Andy Rothman, Matthews Asia
China's first half macroeconomic data supports our view that the country is in the midst of a successful transition from a high-speed, heavy industry-based economy to a consumer and services-based economy, which, while decelerating, will remain the most important driver of global growth. We believe the challenges of continuing this transition will result in gradually slower growth rates and increased volatility, but the risks of a . . .
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