贝莱德2月的全球观点，聚焦于中国，12页：

China’s debt-driven growth model is starting to reach limits. Yet the country is also transitioning into a high-tech, more consumer driven economy. Investors tend to only focus on China when they perceive trouble, but we believe now is a good time to consider the opportunities. Drawing on the insights of BlackRock’s investment professionals, we assess the economy’s state of play and give a framework for understanding its challenges.

Our bottom line: China’s rapid debt buildup is a risk, but we see the current cyclical upswing as mattering more for investment performance in the near term.