The rapid rise of e-commerce has helped to extract the spending power of the Chinese youth and the middle-class. An ageing population should boost consumption too, as more retired people spend their lifetime savings in the coming decades. As a result, consumption, as a share of the economy, has started to rise and its contribution to growth has accelerated in the last three years.
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

Don’t be too discouraged by a slowing Chinese economy – a healthier, more sustainable one could in fact present more investment opportunities

Looking back at China’s 40 years of development since the grand open-up, three distinctive phrases, each marked by a major transitioning of growth models, stand out

TOP PICKS

The rapid rise of e-commerce has helped to extract the spending power of the Chinese youth and the middle-class. An ageing population should boost consumption too, as more retired people spend their lifetime savings in the coming decades. As a result, consumption, as a share of the economy, has started to rise and its contribution to growth has accelerated in the last three years.
READ FULL ARTICLE
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.