Participants have shared their views on China's and the world's economic growth.
ADAM TOOZE, Director of the European Institute, Columbia University "People clearly want high quality, low cost Chinese goods. And as China moves up the value chain, they're not going to become less attractive; they're going to become more attractive. I don't think anything changes about that model. I think the progressive shift out of real estate toward manufacturing keeps on. That's very, very optimistic."
LOURDES CASANOVA, Senior Lecturer and Director, Emerging Markets Institute, Cornell University "China is the second biggest economy in the world with $17 trillion of GDP. We have never seen in the history of economics in the world, a country of that size to grow 5%. So China with the growth in size, has to be used to less growth in terms of GDP growth. The 10 % growth is impossible. You cannot grow that much. But still if you look at 5%, it's like the size of Australia. So like China is adding an Australian economy every year, which is tremendous."
DON WEINLAND, China Business and Finance Editor, The Economist "People seemed encouraged by the Chinese Premier's speech that he gave here today, but I think there's a lot of questions about which direction policy-making is going to go in over the rest of the year."
ZOU SHUJUN, Executive President, China National Eastern Tech-Transfer Center "I focus on the AI. I think everyone nowadays focuses on how AI is driving the complex development and then driving the economy growth."
ATTILIO DI BATTISTA, Economist, World Economic Forum, Author, The Future of Growth Report "So when it comes to China, maybe I also bring some data from our Chief Economist Outlook. So from this survey of economists and what comes out is that there is still a lot of positivity about the prospects of growth here in the country. So 80 % of them say that they expect for 2024 moderate to strong growth, still also with low inflation, so actually lower than in most other countries. So from that perspective, it's still a very positive Outlook. And we also see that the role that the Chinese economy is gonna play still then that of a driving force for global growth. Other parts of the world are going slower. It also depends. But here there is also probably with lower inflation, a higher expectation of the government being able to step in and provide more support to the economy in the next year. So there is also that expectation from our Outlook."