[news] Morgan Stanley announces China to become high-income status by 2027

Let's block ads! (Why?)

[news] Morgan Stanley announces China to become high-income status by 2027

Today, 04:13 PM	#1
Senior Member     Join Date: Sep 2016 Posts: 1,267	[news] Morgan Stanley announces China to become high-income status by 2027 We expect China to avoid a financial shock and achieve high income status by 2027. Our view is that moving to higher value-added activities will propel the economy forward and drive the continued medium term outperformance of MSCI China versus MSCI EM, providing significant investment opportunities. More importantly, we estimate that China will be able to attain a high income status by 2027 as we expect per capita incomes to reach US$12,900 by then, up from US$8,100 currently, thereby crossing the high-income threshold of US$12,500. China will therefore have broken out of the middle income trap and joined the rarefied ranks of a high income society, which has been achieved by only two large economies with a population of above 20m (Korea and Poland) over the past three decades. Indeed, the attainment of high income status will be the key defining moment in China's economic development over the next decade. source: morgan stanley bluepaper on China, Feb 13 2017