Want to know what’s going on in China, where everyone is worried about an economic slowdown?
Late last year, Wu Zhijian of Woodsford Capital Management Pte. Ltd. put together a presentation called China into 2011: Bumpy Road Ahead that nicely walked through all the main issues facing China now and in the future.
Among the key points:
- The low-hanging fruit of robust exports is disappearing.
- Capital investment as a percentage of GDP is already super high, and can’t go much higher.
- Rising inflation is hurting.
- Rising inequality is creating social problems.