KKR Releases "China: Mounting Macro Paradox" by Henry H. McVey
OREANDA-NEWS. KKR, a leading global investment firm, today released China: Mounting Macro Paradox, a new macro Insights piece by Henry H. McVey, Head of Global Macro and Asset Allocation ("GMAA").
"A recent visit to China gives us more assurance that there is a base rate of economic growth that the government will - using a variety of monetary and fiscal tools - work hard to achieve in 2016," Henry McVey said. "However, our bigger picture conclusion remains that the Chinese economy is structurally slowing, driven by disinflation, declining incremental returns, demographic headwinds, and the law of large numbers. How these transitions unfold have major implications not only for China, but also for a global economy that now relies on one country, China, for more than one-third of total GDP growth."
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