China's Growth Opportunities and Offshore Investing

Change in Growth Structure Share of GDP by sector % of nominal GDP 60% 50% Manufacturing 40% 30% 20% 10% Services Agriculture 2021: 53.3% 2021: 39.4% 2021: 7.2% 0% '78 '83 '88 '93 '98 '03 '08 '13 '18 Source: CEIC, National Bureau of Statistics, J.P. Morgan Asset Management. Guide to China. Data are as of Mar 31, 2022. *

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