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By Sanela KEVRIC, Sales Director Fidelity International
How China develops over the next decade will have huge global ramifications. What does it mean for the rest of the world if China becomes the world’s preeminent economic superpower? Alternatively, what does it mean if China gets stuck in the middle-income trap?
Option A : China has stumbled and become stuck in the middle-income trap
Ten years ago, in 2019, China at least appeared to be firmly on the path to financial liberalisation. The International Monetary Fund recently included the renminbi in its basket of official reserve currencies. Chinese securities gained entry to global indices (MSCI emerging markets equity index in 2018, Bloomberg Barclays Global...
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