Regional Focus: A Changing Growth Model

The Chinese economy is at a critical stage in its development as the traditional coastal manufacturing hubs face increasing competition from cheaper central provinces, while property bubbles act as a serious hindrance to growth. Central provinces will have to ensure they remain competitive while adjusting to a much slower rate of infrastructure growth in the coming years. Although growth rates in the east are likely to underperform, the quality of growth should outperform, with services and consumption playing a larger role.

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