Two transitions are currently under way in China: One transition to lower growth, due to population ageing; Another transition to a polarised economy: services and the new-technology sector are growing; “old†industries are contracting. The second transition may accelerate the first, as productivity gains are usually lower in a services (and construction) economy. Trying to keep growth above 6% through this double transition is doomed to fail.
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Natixis
Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.