The authorities have started to focus on strategies of fostering new growth engines such as in artificial intelligence, information technology, investing in research and development, and building a better social safety to unlock growth in Chinese consumers. Photo: SHUTTERSTOCK
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

Traditional data becomes less representative of the real Chinese economy

Investors: pay more attention to policy changes than predicting headline GDP or other mainstream data; focus on new growth engines, such as artificial intelligence and information technology

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The authorities have started to focus on strategies of fostering new growth engines such as in artificial intelligence, information technology, investing in research and development, and building a better social safety to unlock growth in Chinese consumers. Photo: SHUTTERSTOCK
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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.