What we learned about China's economic recovery on a trip to Hong Kong
A GC team has just returned from Hong Kong, where we held discussions with a series of private domestic and foreign investors about the outlook for China. Many pointed out how private investment, from both domestic and foreign sources, is declining just as China needs more of it. Geopolitics is partly to blame, but an uncertain domestic political environment is also holding back private sector activity. This is increasingly being referred to as a key reason China’s long-term growth outlook is weakening.
Senior Practice Director Thomas Gratowski and Associate Director Jens Prethus are joined by our new Senior Adviser David Skilling to unpack their latest trip to Hong Kong and what they heard on the ground about China's economic recovery efforts.
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