Electric vehicles (EVs) are on the cusp of a wave of adoption in China following the government's new electric vehicle volume target as it attempts to battle air pollution, writes HyungJin Lee, manager of Baring Eastern trustn.
It is this sort of social shift between 'old' and 'new' China that is opening up opportunities for investors. Domestic consumer discretionary spending in China is expected to grow considerably from now until 2020, with a range of companies set to benefit from the commensurate rise in demand. This is forecast to be particularly apparent for firms focused on the environment and clean energy, technology and other disruptive technologies, healthcare and anti-aging 'cosmedical' procedures, and travel and leisure. Gross warns China could begin unwinding within a year 'New' China bran...
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