Banking on Chinese stocks despite current woes

Workers making Chinese flags at a factory last month, ahead of the 70th anniversary of the founding of the People's Republic of China on Oct 1. The writer says economic growth in the country has slowed in recent quarters, raising the spectre of a lon
Workers making Chinese flags at a factory last month, ahead of the 70th anniversary of the founding of the People's Republic of China on Oct 1. The writer says economic growth in the country has slowed in recent quarters, raising the spectre of a long-term slowdown. But he adds that with the various monetary and fiscal policies introduced by the authorities in recent times, it is likely that these will have some trickle-down effects in terms of boosting the economy.PHOTO: REUTERS

The Chinese recently marked the 70th anniversary of the founding of the People's Republic of China. In the span of four decades, it has transformed into the world's second-largest economy behind the United States and ahead of Japan.

Two decades ago, I made my first trip to China prior to pursuing my tertiary studies. The trip was by ferry from Hong Kong to the port of Shekou in southern Shenzhen.

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A version of this article appeared in the print edition of The Sunday Times on October 13, 2019, with the headline 'Banking on Chinese stocks despite current woes'. Print Edition | Subscribe