Tone down expectations post-Party congress, but hold on to hope in a slower-growing China
Even as growth may slow, China’s market offers scale; and there is room for reforms to help advance the economy.
Add BT as a preferred source
Leslie Yee
I SPENT much of 2015 and 2016 living and working in Shanghai, China. I have fond recollections of the city.
Shanghai bustled with energy. Businesses in many sectors were busy innovating and acting quickly to execute ambitious growth plans. I was then in my mid-40 and entertained thoughts that if I were younger or my family were with me, Shanghai might be a good place to spend many years to develop my career.
I also remember that colleagues and business associates in the city had unbridled optimism that the economies of Shanghai and China as a whole would continue to grow rapidly for years to come, and that salaries and asset prices would continue to rise quickly.
TRENDING NOW
Firm loses wrongful dismissal case despite following termination clause
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Soilbuild’s Lim Chap Huat sues Brookfield, claims it reneged on joint venture: WSJ
Citi, OCBC downgrade UOB post-Q2 results; RHB upgrades on valuation
