Debate: “China in Transition: Will the Chinese Consumer and Capital Spend Driven Innovation Propel China Forward?”
Featuring: Malcolm Dorson, Head of Emerging Markets Strategy and a Senior Portfolio Manager at Global X and Scott Helfstein, a PHD who is Head of Thematic Solutions at Global X.
China is in a transition: On one hand, declining global trade, debt issues in the real estate sector, aging and problematic demographic characteristics and increased friction with the West among other negative issues can lead to further slowdowns or even reversals in GDP. On the other, China still has much room for growth given their population is not urbanized to the extent of other developed nations (~60% vs 80% – 90% in USA, Europe, Korea and Japan) and consumer spend is at ~20% of GDP vs 45% in the US. And while not discussed much, China is spending heavily on future innovations inclusive of the future of energy where they outspend the US by 5x on EV.
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