Will the Year of the Pig be a prosperous one for China?
China will face a host of challenges ahead, but its leadership is well-placed to handle them.
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IN the Year of the Pig, China will likely continue grappling with slower growth, a mountain of debt and a trade war with the US. But according to Chinese legend, the pig is a sign of good fortune - which is consistent with our long-term view of China's economic potential.
Fattened up on debt and penned in by trade?
We expect China may deliver slower growth in the near term because of its high debt levels - estimated at as much as 300 per cent of GDP - and because of concerns about the trade war with the United States. But more important than trade headlines is the potential for a US-China "tech cold war" that could result in two competing high-tech ecosystems and force the rest of the world to choose sides.
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