The slowdown China (and the world) has to have - four trends placing pressure on China's attempts to rebalance growth
The slowdown China (and the world) has to have - four trends placing pressure on China's attempts to rebalance growth. China's economic slowdown is for real. However, we may find this slowdown could be the one we have to have to provide the foundation for long-term progress. Here are four trends I'm watching: 1. The corruption crackdown is affecting some major casinos' ability to turn a profit and the residential property market has cooled, particularly the luxury end, where a number of people who own multiple properties disproportionate to their income have been identified. 2. Online retail a double-edged sword; prices are down but reach grows - if income levels in less developed parts of China increase the market will benefit. 3. A major developer has abandoned retail malls and luxury brands suffer. 4. Hypermarkets disappoint as employee benefits cease. Click here for more from JOHCM's Samir Mehta (VIEW LINK)
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