China’s two-speed economy: Sector winners and losers

China’s structural reforms focusing greatly on services and consumption are increasing the division between sectors : the winners, like the pharmaceuticals and the retail, will obtain low or medium risk assessments. The neutrals, such as agrofood, paper-wood and textile-clothing, are not concerned with the reforms, and should be at medium or high risk. But the loosers, those that don’t have medium and long term growth potential, like the chemicals and the metals, will be assigned with high or very high risk ratings.

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