HSBC: China’s Services Boom Risks Premature ‘Deindustrialisation’ – Bloomberg

HSBC: China’s Services Boom Risks Premature ‘Deindustrialisation’
Bloomberg
Given China’s GDP per capita is only 14 percent that of the U.S., it’s too early for Beijing to eschew manufacturing in favor of services, with the latter’s growth risking a fall in the economy’s productivity in the medium-term, the analysts caution

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