China's middle classes may have
4
Billion
people by 2021
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Features
News
China's economic transition involves:
- Global economic growth fueled by investment of China’s vast sovereign wealth outside of mainland China
- Clustering of higher-margin high-tech manufacturing and service-oriented businesses on the Pearl River Delta
- The Belt and Road Initiative to invest trillions of dollars in physical infrastructure and financial institutions linking China’s businesses to the rest of Asia, Africa and Europe
- Internationalisation of the Renminbi, an inevitable consequence, as well as policy mandate, of externalising China’s investment.
We see growing movement in public policy decisions towards needed infrastructure investment on a massive scale, notably through the Belt and Road initiative in China, to underpin increased urbanisation across Asia, the Middle East and Africa, and in support of the transition to a lower carbon economy