Rahul Chadha, co-chief investment officer for Hong Kong-based Mirae Asset Global Investments, has a few charts he is particularly fond of when it comes to telling a story about investing in China.
One shows income growth in China. Based on the current rate of expansion, he expects the world’s second-biggest economy will achieve high income status — defined as income of almost $12,500 per capita — in eight years.
The second shows a ratio of household debt to gross domestic product for a number of countries. For thrifty mainland China households, the ratio is 28 per cent. That compares to India at one end of the scale at 15 per cent and the UK at the other with 90 per cent.
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