Asia Now: The China Edition

Asia Now China’s investment landscape has undergone a dramatic metamorphosis over the past two decades. Within China today, financial markets are increasingly diverse, domestic consumption is rising and innovation plays a leading role in growth. AsiaNow looks at trends on the ground in the world’s second-largest economy. 2019 THE CHINA EDITION ILLUSTRATION BY JON REINFURT Investments involve risk. Past performance is no guarantee of future results. Investing in international and emerging markets may involve additional risks, such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. C hina boasts a vibrant, entrepreneurial economy, creating opportu- nities for investors with a long-term view. Long gone are the days when all you had to invest in were copper, coal and communism. Now, for every internet giant in the U.S., there is a comparable giant in China. Everyday businesses that we recognize instantly at home—insurance companies, sportswear brands, recruitment firms, liquor companies, fast- food chains, car manufacturers, coffee shops and increasingly even pharma- ceutical companies—have peers among listed Chinese equities. Other types INSIDE 4 The Consumer 8 Innovation 14 Sustainability