Pioneer China conference: Beyond growth in the world's powerhouse economy

ASIA SPECIAL

Much of the attention at Pioneer Investments' Colloquia Series event in Beijing last month was focused on the outlook for Chinese growth and its interaction with both emerging and developed economies.

Despite the much discussed slowdown in GDP growth in China, delegates at the conference were far less concerned about this than the smooth transition to a more-consumer-based economy and the progress of political and economic reforms. During one of the sessions, Nobel laureate Sir James Mirrlees and Jin Liqun, chairman of the board of the CIC (China Investment Corporation), argued a slowdown in growth is a positive development for China, as it signals a move to higher quality growth. Jin said: “It is realistic to expect China to grow above 5% a year from now on, but if this figure is ...