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.
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.
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