As available capital and labor pools shrink in China, local and foreign companies will be forced to transition from labor-intensive to value-added industries to sustain growth. Michael Kurtz discusses the two main trends that will affect the nature of economic activity and the financial markets in China over the next decade.
China is more efficient and open than it has ever been, but the government still has a heavy hand in the market. No analysis of China’s financial markets is realistic unless it accounts for distortion in favor of government policies and goals. Distorting effects of Chinese business culture and intense government involvement in the market are facts of business life in China. Mr.