Markets and Economy
Expect Continued Growth in China
Jim Glassman, Commercial Banking’s Head Economist, and Morgan McGrath, Commercial Banking’s Head of International Banking, explain why concerns about China’s economy are overblown.
China has recently undergone a rebalancing, with the economy becoming more consumer-driven and less reliant on exports and government-led infrastructure. This has resulted in slower growth than China has seen in the past. But with the emergence of China’s consumer class, businesses that tap into those domestic markets still have plenty of growth opportunities now and in the future.
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