China reforms "won’t come without pain", says UBS
The reforms, though largely positive, will put pressure on certain industries in China, argue economists, who advise investors to pay close attention to the country's credit woes.
China's equity and fixed income markets face major upheaval as a result of the government's planned reforms, and market observers are voicing hopes that the outcome will be positive, starting with 2014.
For one thing, certain sectors in China will come under pressure next year as mainland authorities begin implementing reforms. But these reforms – which include price liberalisation measures for energy, resources and financial markets; opening up to private and foreign competition;…
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