Morgan Stanley — The Paradigm Shift In China

Good assessment. 

In the larger picture, this policy will benefit only the society as a socio-economic system but also investors in that China's economy will be much more stable than the track it was heading down. The Chinese government had already declared a policy of rebalancing called "dual circulation" toward achieving a balance between producing for export and domestic consumption. 

This is not only a good move economically, it is indicated by the developing geopolitical situation that makes national self-sufficiency a national security issue.

Looking at per capita income, China still has a long way to go catching up with the West, which promises continue growth for some time to come, although perhaps not at the blistering rate of the past decades.

Zero Hedge
The Paradigm Shift In China
Chetan Ahya, Morgan Stanley chief Asia economist