Politics Is Key to Making Money in China's New Era of Low Growth
- Sub-5% expansion or less will be the new norm for China
- Global companies won’t be pulling out of China en masse
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Hopes for a return to tried-and-true strategies for making money in China have given way to the realization that a new era of slow growth has arrived.
Investors are still chasing opportunities, despite two years of turmoil from President Xi Jinping’s crackdown on private enterprise and Covid Zero campaign. But they’re unlikely to find easy gains when the world’s second-largest economy finally gets clear of this year’s lockdowns.