Contents
‘S’ Curve Portfolio 4
Looking Ahead 5
I. How much can China grow? 8
II. Defining the ‘S’ curve 11
III. Comparing China with other countries 12
IV: Comparing the Chinese Financial Sector to the Rest of the World 15
V. China and the Rest of the World 21
VI. The birth of the services sector 23
VII. Power 25
Appendix I: Valuation comparisons 29
Appendix II: Time frame for data 31
Appendix III: Data by Category 32
Appendix IV: Global signals for equities 79
Appendix V: Portfolios 82