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Market misreading China's rebalancing economy, says leading economist

Services have overtaken the industrial sector; transition to higher value-added activity is already 'well engaged'

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Mr Courtis says no other major economy is rebalancing as quickly and deeply as China's, and that the structure of its economy is changing faster than is obvious - and this is masking underlying growth.

Tokyo

IN what is likely to be a turbulent week for financial markets, attention will focus on China's slowdown and the impact this is having on other emerging and advanced economies, but some analysts say markets are misinterpreting signals coming from the world's second largest economy