PETALING JAYA: China's gradual shift away from the manufacturing sector towards a more consumer- and service-driven model could give emerging markets the opportunity to fulfil the export demand for manufactured products.
"Policies unveiled at the 18th National Congress of the Communist Party of China in 2012 were designed to help steer the economy away from manufacturing into a consumption- and service-driven model," said Franklin Templeton Emerging Market Equity's Chetan Sehgal in a recently published report.
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