Finance forum: China's economy shows steady recovery

The 2025 Tsinghua PBCSF Global Finance Forum, organized by Tsinghua University's PBC School of Finance, released the "China Financial Policy Report 2025" on Sunday in Shenzhen, south China's Guangdong Province. 

Under the theme "A Shared Future: Building an Open and Inclusive Economic and Financial System," the two-day forum convened nearly 100 senior officials, prominent economists, and business leaders from both China and abroad to discuss pressing economic and trade issues.

The report highlighted complex external challenges such as the US's erratic tariff policies, as well as issues China's domestic economy faces including insufficient domestic demand, challenges in transitioning from old to new growth drivers, and financial risk prevention.

To address these issues, China has outlined plans to deepen financial reforms across five key areas, including maintaining a stable financial environment and optimizing resource allocation, to bolster high-quality economic development.

At the forum, Wang Yiming, vice chairman of the China Center for International Economic Exchanges, emphasized China's resilience in overcoming past crises, such as the Asian Financial Crisis. He stressed the urgency of transitioning from an investment- and export-driven growth model to one fueled by consumption and innovation.

Hu Xiaolian, former chairwoman of the Export-Import Bank of China, noted at the forum on Saturday that the future international monetary system is likely to become more diversified and inclusive. Despite significant shifts in global trade dynamics, Hu expressed confidence that Chinese enterprises can leverage their unique strengths to capitalize on emerging opportunities.

(Cover via VCG)