Asia's Transportation Sector Relies on China's Economy Improving Transportation is a highly cyclical industry, says Morgan Stanley's Edward Xu. His neutral outlook may turn negative if China's economy continues to slow. Visit the 2016 All-Asia Research Team ranking for more on Asia's top research analysts. Related Articles Is the PE Machine Broken? Michelle Celarier How Tax Changes Will Upend Investing at Endowments and Foundations John Crabb Podcast: Uncovering Opportunities in Direct Real Estate Sponsored by Fidelity Investments