Morgan Stanley China chief economist Xing Ziqiang said the recent round of rate
hikes has led his research team to revise forecasts to expect one further hike
in December and another in March. He will closely monitor how rate increases and
related factors may affect global liquidity. Discussions with overseas investors
show a preference for Chinese AI and broader technology sectors and other
industries with improving momentum. While industrial revolutions raise
productivity, Xing said preparation is needed to mitigate potential shocks to
employment and incomes.
