Investors around the world are predicting a number of calamitous downturns for China's economy, but a team of experts from Morgan Stanley are making the opposite call: Asia's largest economy will manage to avoid a financial shock and it will "continue to present significant investment opportunities for global investors."
The analysts forecast that China will overcome recent macroeconomic challenges and the prospect of a financial shock to transition into a high income economy by 2027. That will see the country's per capita incomes reaching $12,900 from the current$8,100, they say.
This is despite of their projection that China's growth could slow to an average of 4.6 percent in 2021-2025. The analysts say that rate of growth "will sufficiently support (China's) transition towards a high income economy."
Reference: CNBC
Thai
Eng