Consumer demand data suggests China's economic transition is accelerating

China's 'new economy', focused on consumer demand and the service sectors, is accelerating.

In October 2015, retail and automotive sales registered their largest monthly increases of the year, and airline passenger traffic, movie box office sales and express mail deliveries continued to grow. At this juncture, China's economic transition appears to be off to an encouraging start of what will be a years-long process. Global trade has historically been an important driver of emerging markets earnings growth, as it has created strong external and internal demand for emerging markets goods and services. Since the crisis, however, trade has grown at a slower pace than global GDP ...