- This is evident in the country’s consumption share of a range of commodities, the increasing impact of Chinese political views, and the competitive threat from Chinese businesses. The robust growth rebound through the global downturn was supported by a state-inspired credit expansion of unprecedented scale, heightening the risks to the economy. The ability of China’s economy to move smoothly to being consumption-led is of great global significance. Rebalancing will not be easy but is likely to present attractive investment opportunities as well as pitfalls.
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