Tuesday, August 04, 2009

China 2.0

On the happy day my holdings in the Matthews Pacific Tiger Fund finally regained their cost basis, I was further pleased to read comments from The Boston Consulting Group regarding their positive outlook on the future of the Chinese economy.

Check out David Michael's brief but fact filled white paper Lucky 8 . This delves into the well tread view of China's need to shift away from export manufacturing as its key economic driver, but also touches succinctly on other key areas driving China's economic engine. These include:
  • Increased consumer spending
  • The PRC government's new strategies for managing the economy
  • The continued strengthening of domestic China companies
  • A new era of stability with Taiwan

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