Gordon Orr, in a McKinsey report, explains the new trends of China economy.
China will be the main economy within next years, continuing growth at a 6% -plus rate.
The problem is to understand which sub-economies will perform and which are destined to decline. The service economy will grow, and steel, textiles, constructions will slow.
In these sectors many people risk to be displaced, and the government must improve the educational system for sustaining general productivity.
The financial sector must select the product quality, and is opening to foreign investors. Manufacturing will evolve toward extremes of performance: the truly awful and the excellence. Good news for Russia, and its exports of food and oil, and for Australia.
The 2016 main phenomenon is centralization: in pensions, industry decisions, consolidation of state-owned enterprises.
Good business for the movie industry and the soccer environment.