China’s 2024 growth target of “around 5%” is ambitious, but the focus on national security and self-reliance may put it out of reach. That said, policy is supportive, and the new ultra-long government bond issuance will help. Over the medium term, China has important growth engines from the energy transition and leadership in research and innovation.
Intermediary
For wealth managers and financial advisers managing savings and/or investments on behalf of someone else.
Institutional
For professional investors managing investments on behalf of someone else.