Capital, Earnings & M&A
Why Are All Industries Complaining This Year, Even Taxi Drivers and Vegetable Vendors?
China's economy is undergoing a massive transformation, akin to a race car attempting to overtake developed countries on a curve. The centrifugal force of the curve, due to excessive speed, has thrown some passengers off. This year's industry environment differs subtly from previous years, with real estate bottoming out, traditional industries facing technological disruption, growth industries hitting demand inflection points, emerging industries impacted by policy changes, and basic services suffering from population outflows.
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