China's path of pragmatic reform still has a few steps remaining and will continue as the government walks a very fine line between open and closed markets, while continually ensuring growth. It is a difficult challenge.
This is all underpinned by the Chinese Yuan, which, as part of its continuing internationalization, will be an important part of global trade in the future and increasingly the underlying currency of investment in markets around the world.
With this background of overall government-lead transformations including urbanization, industry structure upgrade and globalization, there will be significant capital market opportunities for both domestic and foreign investors in mainland markets.
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