The Chinese government's focus on cutting overcapacity and deleveraging may slow growth in the second half of the year. But measures to open up the financial sector will attract more foreign investors, according to Jing Ulrich, managing director and vice chairman for Asia Pacific at JPMorgan Chase. More than 2,200 delegates from 50 countries and regions will attend the event, JP Morgan Chase said in a press release. "The government is trying to get ahead of a slowdown that could be much worse than what we are seeing now," she said.
The Chinese government's focus on cutting overcapacity and deleveraging may slow growth in the second half of the year. But measures to open up the financial sector will attract more foreign investors, according to Jing Ulrich, managing director and vice chairman for Asia Pacific at JPMorgan Chase. "The government is trying to get ahead of a slowdown that could be much worse than what we are seeing now," she said.