Hedge Fund Intelligence Hedge Fund Intelligence - China | Page 14
CHINA 2013 MACRO OVERVIEW for investors across a range of strategies is that an integral part of China’s focus on the services sector is the liberalisation of the financial services industry, which is progressively opening up the Chinese capital market to overseas investors. The liberalisation of the capital market is in turn an important component of China’s longer term objective of opening its capital account. “Interest rate liberalisation would be a key part of opening the capital account, which should support the transition to private consumption-led growth,” says Freya Beamish, economist at Lombard Street Research in Hong Kong. None of this is to play down the risks that will be associated with a deceleration in Chinese growth and a recalibration of the country’s economic model. One of these is the natural concern that slowing growth will lead to rising unemployment. Officially, unemployment in China is a manageable 4.3%, although the official numbers are notoriously static and unrepresentati ????????????????????????????????????????? ???????????????????????????????????????? ?????????qQ???????????????????
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