United States
China: Searching for a New Equilibrium
Conflicting headlines and market turmoil leave questions explored in this Global Macro Shifts.
China has cemented itself as an economic powerhouse fueled by rapid growth and social development. Already the world's second-largest economy, the nation's influence is undeniable. But conflicting headlines and recent market turmoil are leaving investors with big questions about the future. Dr. Michael Hasenstab, Chief Investment Officer, Templeton Global Macro offers an in-depth look at the challenges and opportunities China faces as it continues to grow.
FEATURED VIDEO
The Rise of the Private Sector
The government has long played an influential role in China's economic rise. But Dr. Hasenstab says key reforms and innovation have the private sector becoming increasingly more important.
In this edition of Global Macro Shifts
Global Environment
The US, Eurozone and Japan are each telling very different economic stories. Dr. Michael Hasenstab breaks down the latest data and offers insights about where these regions are headed.
Focus on China
What makes the world's second largest economy tick? Dr. Michael Hasenstab delivers timely insights to help you put the news headlines about China into context.
Other Issues
- Environmental, Social and Governance Factors in Global Macro Investing
- The Fed’s Long Unwinding Road
- Trade and Taxes in a World with Borders
- Latin America: The Rise and Fall of Populism
- How to Navigate Emerging Markets
- Emerging Markets: Mapping the Opportunities
- Inflation: Dead, or Just Forgotten?
- Japan: The Quest for Growth and Inflation
GLOBAL ENVIRONMENT
Divergent Monetary Policy
The US Economy is showing signs of picking up steam; Greece continues to cloud the recovery in the Eurozone; and Japan is making progress on reforms, but is it enough to boost growth? Dr. Michael Hasenstab examines these developments and the divergent roles of monetary policy in each region.
For more on Divergent Monetary Policy, click here.
Focus on China
China - Searching for a New Equilibrium
China has reached a crucial stage in its economic evolution. Dr. Michael Hasenstab says while the country's transformation poses challenges, there are still reasons for optimism about China's prospects.
Three Risks
China's economic transformation doesn't come without challenges. Dr. Michael Hasenstab takes a closer look at the role of monetary policy, potential debt risks and the impact of the recent equity market turmoil.
Demographic Shifts
China's population has long had a profound impact on the country's story. Dr. Michael Hasenstab examines the evolution of China's labor market and the possibility of falling into a middle-income trap.
New Engines of Growth
China's traditional growth sectors have slowed. Find out where new opportunities are emerging to pave the way for a rebalancing in the economy. Dr. Michael Hasenstab takes a closer look at this shift and the new growth engines on the rise.
Contributors
What Are the Risks?
All investments involve risks, including possible loss of principal. Bond prices generally move in the opposite direction of interest rates. Thus, as the prices of bonds in an investment portfolio adjust to a rise in interest rates, the value of the portfolio may decline. Special risks are associated with foreign investing, including currency fluctuations, economic instability and political developments. Investments in developing markets, of which frontier markets are a subset, involve heightened risks related to the same factors, in addition to those associated with these markets' smaller size, lesser liquidity and lack of established legal, political, business and social frameworks to support securities markets.
IMPORTANT LEGAL INFORMATION
This material is intended to be of general interest only and should not be construed as individual investment advice or a recommendation or solicitation to buy, sell or hold any security or to adopt any investment strategy. It does not constitute legal or tax advice.
The views expressed are those of the investment manager and the comments, opinions and analyses are rendered as at publication date and may change without notice. The information provided in this material is not intended as a complete analysis of every material fact regarding any country, region or market. All investments involve risks, including possible loss of principal.
Data from third party sources may have been used in the preparation of this material and Franklin Templeton ("FT") has not independently verified, validated or audited such data. FT accepts no liability whatsoever for any loss arising from use of this information and reliance upon the comments opinions and analyses in the material is at the sole discretion of the user.
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