As European commodities traders leave Hong Kong, Shanghai istaking over as China’s gateway city, says John Browning, md of HongKong-based BANDS Financial, in the first of a new series exploring thepathways for business in Asia.The media obsession with the absolute number of China’s growth,whether it will be 7%, 6.5% or 6%, ignores a subtle change in thefigure itself. Beijing as we know is driving to towards a “new”consumer-led economy and steering resources away from the “old”industrial economy.
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