China: Winners and losers of faster reforms in 2015
ZURICH | UBS analysts | We expect reforms to accelerate in 2015. As the government moves toward systematic “rule by law” and the property downturn persists, more space will open up and pressure increase for economic reforms to accelerate. We see three themes for China’s reforms this year: growth support, risk containment and rebalancing. In other words, reforms that can unlock new sources of growth and bolster domestic demand, reduce economic and financial risks, or diminish/remove structural imbalances should advance most.
