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Why China is heading in the right direction: Wei Li
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China is moving from an investment driven economy to a consumption driven economy. The Head of Investment Strategy for iShares EMEA, Wei Li, explains why that means headline growth is falling but that it is still heading in the right direction.
She explains that China is moving from an investment driven economy to a consumption driven economy. The downside to this is that the headline growth figure will fall. That's why the National People's Congress has adjusted its growth target lower, she says.
Wei Li explains why China is still heading in the right direction and what needs to be put in placeto ensure economic growth increases in the future.