Robotic arms busy working on the assembly line in Geely Auto Ningbo factory in Ningbo, east China's Zhejiang Province. At last year’s Communist Party Congress, President Xi Jinping was adamant China needs to make a transition from pursuing the speed of growth to the quality of growth. Photo: Xinhua
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

If China can fire on all cylinders, a revival of the productivity cycle is attainable

With the ambition of turning China into a global leader in technology, the government has spent significant resources in R&D in recent years, narrowing the gap between China and the US, in per-GDP R&D spending, substantially as a result.

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Robotic arms busy working on the assembly line in Geely Auto Ningbo factory in Ningbo, east China's Zhejiang Province. At last year’s Communist Party Congress, President Xi Jinping was adamant China needs to make a transition from pursuing the speed of growth to the quality of growth. Photo: Xinhua
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Aidan Yao

Aidan Yao

Aidan Yao is senior emerging Asia economist at AXA Investment Managers. Prior to joining AXA IM, he was a senior financial market analyst at the Hong Kong Monetary Authority for two years. He started his career at the Reserve Bank of New Zealand in 2007, serving as an economist and later senior financial market analyst until late 2011. He holds a master degree in finance (2006) and a bachelor degree in economics and finance (2005) from the University of Otago (NZ). He is also a chartered financial analyst.