Organizer: AmCham HK
Contact Person: Cynthia Chan
Phone: +852 25306926
Hosted by the British Chamber of Commerce in Hong Kong, supported by AmCham HK
China’s transformation over the past 30 years can be illustrated in a number of dramatic ways: sleepy coastal towns turned high-tech manufacturing centers; Shanghai’s quaint riverfront sprouting an iconic skyline of financial might; its rise as a global economic powerhouse, second only to the U.S.
In numbers, this is even more apparent; China’s per capita gross national income (GNI) of $290 in 1985 had nearly doubled by 1995, more than tripled by 2005, then quadrupled by 2016, according to World Bank data. This unprecedented lift from low to middle-high income status is now set for the next stage of an even harder climb.
Morgan Stanley forecasts that China will break out of the middle-income trap and join the rarified ranks of high-income society, attaining per capita GNI of above $12,500 by 2027—a defining moment in its economic journey. But will China be able to avoid financial shock and achieve high income status by 2027?
Join Chetan Ahya, Co-Head of Global Economics and Chief Asia Economist, and Jonathan Garner, Chief Asia and Emerging Market Equity Strategist, both at Morgan Stanley, as they discuss their views on what strategies China will take to propel the economy forward and drive the continued medium-term outperformance of MSCI China versus MSCI EM, providing significant investment opportunities.