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10/25/2015 China: An economy in transition http://www.washingtonpost.com/sf/brandconnect/wp/enterprise/chinaaneconomyintransition/ 1/4

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Page 1: China_ an Economy in Transition

10252015 China An economy in transition

httpwwwwashingtonpostcomsfbrandshyconnectwpenterprisechinashyanshyeconomyshyinshytransition 14

China An economy in transitionSponsor-Generated Content

By Goldman Sachs

Published on September 22

Content created by Goldman Sachs

China has achieved extraordinary economic growth in the last several decades Now Chinarsquos

longshyterm future requires an ambitious restructuring of its economymdashone that emphasizes

domestic consumption over government investment Senior leaders from Goldman Sachs

10252015 China An economy in transition

httpwwwwashingtonpostcomsfbrandshyconnectwpenterprisechinashyanshyeconomyshyinshytransition 24

China An Economy In Transition

Play Video 520

China An Economy In Transition

Play Video 520

including chairman and CEO Lloyd Blankfein discuss why Chinarsquos economic transformation

is necessary the potential challenges to the transition and the countryrsquos evolving role as a

global economic superpower

ldquoI think Chinarsquos leadership has proven its competence over the last couple of decadesrdquo

Blankfein said ldquoTheyrsquove done incredible work for the economy Theyrsquove moved a lot of people

out of poverty and theyrsquove increased GDP quite substantially But the economic model that

drove Chinarsquos growth in the last couple of decades wonrsquot necessarily support it in the next

couple of decadesrdquo

ldquoThis is a period of historic change in Chinardquo said Mark Schwartz chairman Goldman Sachs

Asia Pacific ldquoThere havenrsquot been many periods in history as fascinating as this For all of the

great outcomes and great benefits from years of rapid industrialization that period also

created many distortions in the economy and many challengesrdquo

China An Economy In Transition

Play Video 520

10252015 China An economy in transition

httpwwwwashingtonpostcomsfbrandshyconnectwpenterprisechinashyanshyeconomyshyinshytransition 34

ldquoI think Chinarsquos primarily focused on the economic restructuring challengerdquo said Robert

Zoellick chairman Goldman Sachs International Advisors ldquoThis is a process that is not going

to be done in a quarter or a year or two years and itrsquos a huge transformationrdquo

The video also features Jiming Ha vice chairman and chief investment strategist Private

Wealth Management China

Learn more (httpsbsservingshysyscomBurstingPipeadServerbs

cn=tfampc=20ampmc=clickamppli=14881033ampPluID=0ampord=CACHEBUSTER) about the

implications of Chinarsquos economic restructuring and other ideas that are shaping markets

around the world

MORE CONTENT FROM GOLDMAN SACHS

10252015 China An economy in transition

httpwwwwashingtonpostcomsfbrandshyconnectwpenterprisechinashyanshyeconomyshyinshytransition 44

Lower for longer The impact of The New Oil Order

(httpwwwwashingtonpostcomsfbrandshyconnectwpenterpriselowershyforshylongershytheshyimpactshyofshytheshynewshyoilshyorder)

Page 2: China_ an Economy in Transition

10252015 China An economy in transition

httpwwwwashingtonpostcomsfbrandshyconnectwpenterprisechinashyanshyeconomyshyinshytransition 24

China An Economy In Transition

Play Video 520

China An Economy In Transition

Play Video 520

including chairman and CEO Lloyd Blankfein discuss why Chinarsquos economic transformation

is necessary the potential challenges to the transition and the countryrsquos evolving role as a

global economic superpower

ldquoI think Chinarsquos leadership has proven its competence over the last couple of decadesrdquo

Blankfein said ldquoTheyrsquove done incredible work for the economy Theyrsquove moved a lot of people

out of poverty and theyrsquove increased GDP quite substantially But the economic model that

drove Chinarsquos growth in the last couple of decades wonrsquot necessarily support it in the next

couple of decadesrdquo

ldquoThis is a period of historic change in Chinardquo said Mark Schwartz chairman Goldman Sachs

Asia Pacific ldquoThere havenrsquot been many periods in history as fascinating as this For all of the

great outcomes and great benefits from years of rapid industrialization that period also

created many distortions in the economy and many challengesrdquo

China An Economy In Transition

Play Video 520

10252015 China An economy in transition

httpwwwwashingtonpostcomsfbrandshyconnectwpenterprisechinashyanshyeconomyshyinshytransition 34

ldquoI think Chinarsquos primarily focused on the economic restructuring challengerdquo said Robert

Zoellick chairman Goldman Sachs International Advisors ldquoThis is a process that is not going

to be done in a quarter or a year or two years and itrsquos a huge transformationrdquo

The video also features Jiming Ha vice chairman and chief investment strategist Private

Wealth Management China

Learn more (httpsbsservingshysyscomBurstingPipeadServerbs

cn=tfampc=20ampmc=clickamppli=14881033ampPluID=0ampord=CACHEBUSTER) about the

implications of Chinarsquos economic restructuring and other ideas that are shaping markets

around the world

MORE CONTENT FROM GOLDMAN SACHS

10252015 China An economy in transition

httpwwwwashingtonpostcomsfbrandshyconnectwpenterprisechinashyanshyeconomyshyinshytransition 44

Lower for longer The impact of The New Oil Order

(httpwwwwashingtonpostcomsfbrandshyconnectwpenterpriselowershyforshylongershytheshyimpactshyofshytheshynewshyoilshyorder)

Page 3: China_ an Economy in Transition

10252015 China An economy in transition

httpwwwwashingtonpostcomsfbrandshyconnectwpenterprisechinashyanshyeconomyshyinshytransition 34

ldquoI think Chinarsquos primarily focused on the economic restructuring challengerdquo said Robert

Zoellick chairman Goldman Sachs International Advisors ldquoThis is a process that is not going

to be done in a quarter or a year or two years and itrsquos a huge transformationrdquo

The video also features Jiming Ha vice chairman and chief investment strategist Private

Wealth Management China

Learn more (httpsbsservingshysyscomBurstingPipeadServerbs

cn=tfampc=20ampmc=clickamppli=14881033ampPluID=0ampord=CACHEBUSTER) about the

implications of Chinarsquos economic restructuring and other ideas that are shaping markets

around the world

MORE CONTENT FROM GOLDMAN SACHS

10252015 China An economy in transition

httpwwwwashingtonpostcomsfbrandshyconnectwpenterprisechinashyanshyeconomyshyinshytransition 44

Lower for longer The impact of The New Oil Order

(httpwwwwashingtonpostcomsfbrandshyconnectwpenterpriselowershyforshylongershytheshyimpactshyofshytheshynewshyoilshyorder)

Page 4: China_ an Economy in Transition

10252015 China An economy in transition

httpwwwwashingtonpostcomsfbrandshyconnectwpenterprisechinashyanshyeconomyshyinshytransition 44

Lower for longer The impact of The New Oil Order

(httpwwwwashingtonpostcomsfbrandshyconnectwpenterpriselowershyforshylongershytheshyimpactshyofshytheshynewshyoilshyorder)