In Fathom’s latest outlook we look at various scenarios for China’s growth including MIC Marvel or Bifurcation Blues. A pause in hostilities, amid the rising tensions with the US, will allow China to focus on its domestic imbalances exacerbated by weak domestic demand We think Beijing will maintain focus on targeting technological self-sufficiency and investment in high-value industries, (although there may be some policy support to prevent demand from deteriorating further) Our central scenario for China’s outlook up to 2040