CHONGQING, CHINA - JANUARY 02: People visit the 2nd International Light and Shadow Art Festival at the Fine Arts Park on January 2, 2024 in Chongqing, China.
For all the geopolitical risks, the attraction of China as a fast-growing market has waned as the economy matures.
Many were disappointed when China's economy did not rebound as quickly as expected after the end of Covid-19 controls in December 2022.
Real estate is a clear example of a debt-fueled sector, one that has accounted for about a quarter of China's economy.
Machinery, electronics, transport equipment and batteries combined contributed to 17.2% of China's economy in 2020, Citi analysts said.
Persons:
it's, Jason Hsu, They're, Liqian Ren, Goldman Sachs, Ding Wenjie, Ding
Organizations:
Fine Arts, Art, Getty, Visual China, U.S, Citi, People's Bank of, Rayliant, Rayliant Global Advisors, National Bureau, China Asset Management Co, CNBC, Machinery
Locations:
CHONGQING, CHINA, Chongqing, China, BEIJING, Covid, People's Bank of China, Beijing, WisdomTree