DBS：2025年解读中国：中国2040年展望：技术与政策基础报告（英文版）

The next decade and half would likely see China move up the value chain of manufacturing and services in a substantive manner. Immediate concerns about its prolonged property sector crisis, aging demographics, and intensifying trade war tend to obfuscate the country’s ongoing foundational transformation. This report incorporates the near-term headwinds, and yet comes through with a constructive take on the medium term, based on China’s tech transformation and supportive policies.