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NOTHING IS PERMANENT EXCEPT CHANGE

  • China's economy is in "long-term decline" and growth from 2020 will be increasingly dependent on foreign capital, according to Morgan Stanley.
  • This year, the current account shortfall could be 0.3 percent of its GDP, and slip further to 0.6 percent in 2020, the investment bank predicted.
  • The report blamed the shrinking current account on China's ageing population, and flattening market share in goods exports, among other factors. But there are opportunities for investors too, the bank said.

OTHER NEWS

Trung Quốc ấn định tỷ giá tham chiếu của đồng nhân dân tệ ở mức 6,8896 nhân dân tệ đổi 1 USD, tương đương mức giảm 0,13% so với phiên trước.

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