The Chinese economy faces significant uncertainty. Slowing economic growth, currency outflows, rising nonperforming loans and burgeoning debt have raised concerns about a possible hard landing both inside and outside China.
At the same time, China has embarked on a series of broad initiatives to transform its economy, including the international infrastructure-centered Belt and Road Initiative, the manufacturing-oriented Made in China 2025 drive, and Internet Plus. The authorities have set ambitious plans to develop the country's consumer, service and advanced manufacturing sectors.
