Taking a long- term investment view is key and current market lows could be a potentially interesting entry point.
Contributing an estimated 35.2% of global GDP between 2017 and 2019 according to the World Economic Forum, China is steadily surpassing the US as the biggest driver of global growth.
But macro numbers only tell one part of the story because, behind the statistics, China is seeing profound social changes and far-reaching transformations of its economy. This is being , driven by trends that have many years to run.
In 2012 the services sector took a dominant share of GDP and eclipsed manufacturing as the economy’s main driver. This confirmed that the process of economic rebalancing was well underway in China.