China's economic slowdown isn't spooking Morgan Stanley, which has its eye on the mainland's "new economy."
Gokul Laroia, Morgan Stanley's co-CEO for Asia Pacific, told CNBC there was "a real disparity between the new China companies and the old China companies in terms of growth and in terms of prospects."
"Healthcare is a sector we love, the internet and technology broadly is a sector we like a lot," he said on the sidelines of Morgan Stanley's Asia Summit. "Certain companies in the consumer value chain we think there's real growth and opportunity for folks to look at."
Analysts have raised a slew of concerns about the Chinese economy as it transitions from a manufacturing base to services; The country is hooked on debt, the shadow banking sector has imploded, the property market sometimes shows signs of a bubble and major industries are slowing.