Brunner's Thomas: The Chinese sectors still ripe for growth

Although China's slowing economy has dominated headlines, Jeremy Thomas, co-manager of the Brunner investment trust, highlights the sectors poised for a pick-up

Macau gaming revenue has halved in two years; the stockmarket has fallen 40% from its peak; iron ore prices have collapsed by 75% to $50; luxury goods profit warnings abound; and the yuan has been devalued. It is not hard to find bad news stories about China's economy today. The quality of official GDP data is a subject of debate, but it is clear the Chinese government's determination to rebalance the economy away from credit-fuelled infrastructure investment towards consumer consumption cannot hope to maintain the economic growth rates of the past. This is all reasonably well known a...