What's happening in China?
China is having some turbulent times at the moment: debt, reforms, anti-corruption etc, some bulge bracket banks are increasing their IBD hiring in China. Does anyone (in China) know what's going on? There is no doubt about the long-term prospect of working there but I'm quite dubious about short-term. Is there going to be a major wave of deregulation on foreign banks' activities? Thanks!
I think they are just trying to reform more economically (establishing special zones, Shanghai people can use Facebook etc) to encourage foreign investments. Also, they are cracking down politically for bribery etc.
Overall they are trying to make long term prospects of China attractive, its economy is slowing down in a transformation stage from export-dependent to consumer dependent, so the economy will continue to slow down for the short term (still growing at a decent pace).
No one knows. Not even the Chinese. It's incredibly opaque. That's what makes it so cool and interesting, but also so difficult to navigate and frustrating.
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