Key beneficiaries that may drive the next capital expenditure cycle include e-commerce, logistics and technological innovation. Photo: AP

Growing pains to be expected as China works to join the club of developed economies

Thomas Deng says China is taking the hard route of change to spur innovation and transform its slowing economy, but it is the right decision

Topic |   China economy

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Key beneficiaries that may drive the next capital expenditure cycle include e-commerce, logistics and technological innovation. Photo: AP
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