Financial Times (May 27)
2024/ 05/ 29 by jd in Global News
“What industry could replace” real estate “as the main driver of growth in China?” The automobile industry may look promising, but it’s a mere fraction of the size and creates other problems. China’s massive manufacturing sector already “exceeds domestic demand and expanding exports would encounter more trade friction with other countries.” Education and healthcare, on the other hand, have received insufficient spending. These areas would present the market with business opportunities and bring “substantial potential for growth” to the Chinese economy.
Tags: Automobile, China, Demand, Domestic, Education, Exports, Growth, Healthcare, Industry, Manufacturing, Real estate, Sector, Trade friction
