Opportunities in new paradigms ahead for China
Investors can expand their focus from government priority sectors towards efficient users of capital and corporate leaders who can consolidate growing segments of the economy
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CHINA’S rise since its opening up in the 1980s has been characterised by unprecedented infrastructure spending. This has been in support of an industrialisation drive which, combined with the nation’s managed currency regimes, has underpinned an export sector that’s earned China the “manufacturer of the world” title over the past four decades.
As China gets ready to unveil its Fifteenth Five-Year Plan in the months ahead, it appears increasingly likely that its leadership may seek to create a new path forward.
The summer has already seen a new term – “anti-involution” – come into the mainstream lexicon. Such efforts will look to address the excessive competition that has led to overinvestment, destructive price wars and an overall lack of corporate profitability amid China’s multi-decade rise.
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