China's 'orderly deceleration' thrills asset managers

China will continue to be one of the key investment destinations next year given its stabilizing economic growth and the structural transition toward a consumption- and service-driven economy, which are expected to generate high returns, international asset managers said.

Rick Lacaille, global chief investment officer at State Street Global Advisors, said that 2018 could potentially be a "break-out" year for China. Opportunities will continue to expand as the economy transitions from the old growth model to a new one.

"We have been quite consistent in saying that we don't think China will have a hard landing. And we remain confident that China will have this orderly deceleration," Lacaille said.