On this episode of THE FINANCIAL COMMUTE, Wealth Advisor Mike Rudow steps in for Chris Galeski and invites Managing Director of Investments Sasan Faiz to discuss China’s economy. 

China's economy has been growing at a high rate of almost double digits or high single digits for the past 20-25 years, mainly driven by investment and infrastructure projects. However, now that China has reached late-stage urbanization, their economic growth is slowing due to several headwinds like high unemployment rates, government debt and a smaller population of young people. 

As China decelerates, Sasan suspects the next emerging economy that will dominate the global market is India. They have a well-educated, young population that is quickly growing. Furthermore, Sasan says the Indian government wants to create an environment that is pro-business, which China has not always fostered. 

Finally, as an investor, considering a well-diversified portfolio with a focus on global opportunities, particularly in natural resources, can be a prudent strategy given the macro factors of globalization and decarbonization. 

Disclosure: Information presented herein is for discussion and illustrative purposes only. The views and opinions expressed by the speakers are as of the date of the recording and are subject to change. These views are not intended as a recommendation to buy or sell any securities, and should not be relied on as financial, tax or legal advice. You should consult with your financial, legal, and tax professionals before implementing any transactions and/or strategies concerning your finances.