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Komfie Manalo, Opalesque Asia: As China transitions from being manufacturing hub of the world into a more technology, services and consumption-focused economy, Beijing is pushing for three crucial policies to return the country back on is upward path and stabilize the GDP growth to around 6-7%.
Barry Lau, one of the co-founders of Adamas Asset Management Hong Kong Limited says that the "One Belt, One Road" initiative orchestrated by the Chinese government will be a great contribution to get the economy back on a growth path.
He told participants in the latest Opalesque 2016 China Roundtable, "There will be infrastructure plays but also a lot more, I would say, outbound investments." He added that the primary driver would be to establish the Chinese currency, the RMB, as a more recognized exchange to the neighboring countries.
However, Lau admits this could face a serious challenge under the incoming Donald Trump administration in the U.S. But he still believes that Trump will be focusing first on domestic issues and thus would allow China "to really grow its presence and its significance in and around the region here."
He added, "And therefore, the RMB may well become more freely traded on a much sooner scale than it had previously anticipated. So, I think it's all positive for Chi...................... To view our full article Click here
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