China's shoppers will fuel growth

HSBC says consumption will be China's primary growth engine, keeping the economy in good shape as affluence increases.

China's shoppers will fuel growth
Citizens, go forth and shop! (AFP)

Specialists from HSBC remain bullish on China, on the premise that consumption will fuel the country’s future growth.

Recently, we have reported on CLSA’s view that the strength of fixed-asset investment indicates China’s growth is set to continue, as well as a theory put forward by Societe Generale that China’s attempts to suppress volatility could be storing up bigger problems down the road.

This week it is HSBC’s turn to...

To continue reading, please login or register for free

Click for more on: hsbc | consumption | hongbin qu | edmund chong | william tang

Print Edition

FinanceAsia Print Edition

CONFERENCES