EFTA Document EFTA01385472

3 January 2018 HY Corporate Credit HY Multi Sector.Media. Cable & Satellite China 2018 Outlook Striving for a new growth model China faces some structural challenges in the next five years. Global interest rates will likely rise. The labor force in China is shrinking. Property and infrastructure investments face constraints as growth drivers. Financial risks have reached alarming levels. Environmental constraints are also clear. President Xi enters his second term. His speech in the 19t