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

Published Mon, Apr 11, 2016 · 09:50 PM

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.

Regions of the country where businesses focus on "moving up the value chain, greater innovation, higher wage growth, and all of that supports the China consumer story" are flourishing, with growth rates above 6 per cent, Mr Rikkerink said. "Th…

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