Tale of two Chinas is emerging as economy slows, says Fidelity

Hong Kong

A TALE of two Chinas is emerging as the country transforms its export-based economy to one that is centred on consumption and services, according to analysts at Fidelity International.

"There is a story of two halves, old and new, and also a story of north and south," Henk-Jan Rikkerink, Fidelity's London-based global head of research, said during a visit to Hong Kong.