From BlackRock Global Chief Investment Strategist Richard Turnill
His main points:
- China's growth is set to cool in 2018
- Economic risks are rising
- Yet we believe the key party congress this week will likely serve as a prelude for deeper reforms
- We see China's growth rate slowing only to still-solid and more sustainable levels
- Growth in China should remain supportive of emerging market (EM) assets and risk assets in general