People take in the view of the skyline of Shanghai’s Pudong financial district. China’s increasing integration into the global financial system should lead its asset market returns to become more correlated with global markets – something that is already happening. Photo: AFP People take in the view of the skyline of Shanghai’s Pudong financial district. China’s increasing integration into the global financial system should lead its asset market returns to become more correlated with global markets – something that is already happening. Photo: AFP
People take in the view of the skyline of Shanghai’s Pudong financial district. China’s increasing integration into the global financial system should lead its asset market returns to become more correlated with global markets – something that is already happening. Photo: AFP
Patrik Schowitz
Opinion

Opinion

Macroscope by Patrik Schowitz

China is likely to avoid the middle-income trap. But investors should beware the pitfalls of focusing only on headline growth

  • Economic growth is important, but investor returns depend on more than that. In China’s case, the deepening and opening up of its financial markets are factors that will boost returns – and help it escape the middle-income trap

People take in the view of the skyline of Shanghai’s Pudong financial district. China’s increasing integration into the global financial system should lead its asset market returns to become more correlated with global markets – something that is already happening. Photo: AFP People take in the view of the skyline of Shanghai’s Pudong financial district. China’s increasing integration into the global financial system should lead its asset market returns to become more correlated with global markets – something that is already happening. Photo: AFP
People take in the view of the skyline of Shanghai’s Pudong financial district. China’s increasing integration into the global financial system should lead its asset market returns to become more correlated with global markets – something that is already happening. Photo: AFP
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