Harvest Global's Kwan Says China's Economy Transforming

The transcript discusses the shift in focus from GDP to other economic indicators like wage growth, consumption, and productivity in China. It highlights the strong job market trends, especially in Western provinces, and the challenges posed by a large population and the move up the value chain. The Chinese economy's transformation is noted, with increased exports of high-tech products and booming domestic consumption. The role of state-owned enterprises and their reform is examined, with a focus on the growing importance of the private sector in driving economic growth.

What trends in consumption were noted during the November 11 sales in China?

What is the significance of private companies in the Chinese economy according to the speaker?