Weak Consumption Troubling for China's Growth Outlook, But Signs of Progress on Incomes and Transition to Consumer Economy

Weak domestic consumption remains the “real worry” for China’s growth outlook, but there are encouraging signs that Beijing is serious about boosting income and transitioning to a consumption economy.

Property sector woes, local government debts and debts of small and medium banks are also confronting China currently.

Restructuring is feasible for the over 3,000 banks in China, as the 6 largest banks account for 60% of total financial assets and are stable.

There will be continued US-China confrontation as long as Taiwan seeks independence.

China's transition to a consumption economy will take a decade from now if the process starts immediately.