The next stages of China’s transition away from economic equilibrium with the United States will likely create volatility in market growth and require conservatism in some areas and bold moves in others, according to an article from McKinsey.
The US–China economic equilibrium of the past 20 years has gone, and as we look into 2019, it is not yet clear when and where a new equilibrium will form. What level of economic separation will develop between the world’s two largest economies? How much will businesses need to change in their business model—from the customers they target, the products and services they offer, their overall supply chain, and even their capital structure and ownership?
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