China's economy has reached an important crossroads after undergoing one of the most impressive growth miracles of modern history. In rapidly moving financial markets, participants are understandably focused on short-term trends and developments. But it's crucial to sometimes take a step back and look at a longer time horizon when it comes to formulating a big-picture strategy, not least in terms of asset allocation. The short-term challenges facing China are well documented and are discussed extensively; the real estate sector, weak confidence, and local government debt are the three major issues that usually first ... (full story)