Investment Outlook: China

Chinese policymakers meet this quarter to set the big policy agenda for the next ten years. Radical measures are expected, and they mean good things for investors

Coutts 29 October, 2013 | 10:02AM
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This article is part of Morningstar's "Perspectives" series, written by third-party contributors. Here, Mark McFarland, Global Chief Economist at Coutts gives his outlook for China.

After a summer of poor data and fears over insolvent banks, China is back on centre stage for good reasons. Optimism has replaced those fears following the creation of the Shanghai Free Trade Zone in late September and expectations of policy initiatives at this year’s plenary session of the Chinese Communist Party. We believe this once-in-a-decade sitting will accelerate China’s transformation into a dynamic consumer society and could offer long-term investment possibilities.

Shanghai’s new free trade zone (SHFTZ) is the first free trade area on China’s mainland to be legally “offshore”, making China a fully functioning member of the Trans-
Pacific Partnership (TPP). This is expected to create in 2015 a free trade area encompassing almost two-fifths of global gross domestic product (GDP).

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