Population, education and innovation: The long, medium and short-term drivers behind China's future growth

Deep Dive into Chinese equities

China has been among the world's fastest-growth economies over the past 40 years since the 'reform and opening-up', and is widely considered an economic miracle.

Looking forward, we believe China's economic growth will continue over the long term, though the growth rate should slow down. Education dividend: Fuelling long-term growth and innovation High-quality labour supply has been a key contributor to China's economic success. Since the higher education reform in the late 1970s, there has been substantial improvement in the capacity and quality of China's tertiary education system. Nowadays, China produces more than 8 million college graduates a year, compared to only 1 million 20 years ago and less than 20,000 four decades ago. In addi...