China’s New Challenge – The Dangers Of De-industrialization

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Mani
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Growth of services sector in China

Though the pace of expansion in the services sector in China has remained strong in recent years to combat the slowdown in the industrial sector, analysts at HSBC suggest such a re-balancing may slow the country’s productivity catch-up in the medium term. In their July 21 research piece titled “China’s new challenge,” Qu Hongbin and Jing Li forecast 6.7% GDP growth in 2016 for China and said they believe worries about the country’s sharp slowdown are overblown. China’s services growth cushions overall economy’s slowdown Hongbin and Li attribute the fast industrialization in China to the country’s unprecedented economic growth over past decades….

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports