Homepage / Asia / At annual meeting of global leaders, bullishness on China's economy abounds
Menyelami Dunia Slot Thailand: Keseruan dan Peluang Kemenangan Besar Menyelami Dunia Slot Thailand: Pengalaman Bermain yang Tak Terlupakan Leading Gay Dating Apps: My Personal Collection test Télécharger 1win Sénégal apk 1win Sénégal inscription popochka Hesap Açma Promosyonu Veren Siteler Xslot Kumar ve Güven Merkezi Get the absolute most out of your ebony bbw site source Leading Online Casino Rocketplay Evaluation Find the right partner on nymphomaniac dating website what exactly are local sex websites and exactly how can they assist you to? casino 643 Online Casino 7slots Grandpashabet 2217 Güncel Giriş Adresi Grandpashabet2217 com 5804 grandpashabet güncel Trezor Suite Official Desktop && Web Crypto Ledger Live App: Buy, Sell, Stake and Swap Crypto Hardware Wallet & Crypto Wallet Security for Crypto Shared: The 7 Things Men Want from Females What is Ledger Recover? New Feature Review 2024 What is Ledger Recover? New Feature Review 2024 Enjoy the thrill of meeting new individuals in web adult chat rooms sex 1Win Burkina Faso Parie en ligne chez le bookmaker en Afrique Grandpashabet Bahis Sitesi Güvenilirlik ve Eğlencenin Buluştuğu Adres 0053 Southern African Men – Meeting, Dating, and More (plenty of Pics) Silvana lee adult Grandpashabet Grandpashabet Resmi Güncel Giriş 7719 Enjoy a fun, protected, and unique dating experience Nuevos casinos en Argentina: expansión y regulación conforme al juego responsable Philadelphia Gay Dating: Get The Best Partners Lucky Jet официальный сайт игры от 1win games Join our community of bisexual women and discover your perfect match today Merdeka777: Daftar Situs Judi Slot Online Terpercaya Make buddies and discover love with local fetish chatroom Лучшие Онлайн Казино С Высокими Выплатами На Рулетке 2025 SecretBenefits Assessment: Prices, Characteristics and Buyer Critiques Website Resmi UIN SMH Banten Abebet Slot Sitelerinde Hoþgeldin Bonusunun Avantajlarý Maltcasino: Yeni Üyeler Ýçin Hoþgeldin Bonuslarý Opiniones sobre 1xSlots Lee las opiniones sobre el servicio de 1xslot com What you’ll want to know Take step one towards love and pleasure today Making Uses Of Prednisone Tablets Take control of your love life in order to find bbw mature lesbians today Bahis Sitelerinde Ücretsiz Deneme Bonusları Nasıl Kullanılır? Rulet Masalarında Bonuslarla Daha Fazla Kazanın Player women online dating| discover single video games women at Masalbet: En Çok Kazandýran Casino Sitesi Gambling in Australia and Modern Settlement Methods: The Rise of PayID TUAN88 Situs Main Game Online dengan Aman dan Nyaman Brit Cam Place — Singles From British Look For Pleasant Companions And Dating 1xbet Registration ᐉ 1xbet Sign Up برنامج المراهنات الرياضية تحميل التطبيق العميل Eg 1xbet Com Cassino Kto Jogos Para Cassino Online No Brasil” 1xbet Apk 1xbet للموبايل حمل تطبيق 1xbet لأنظمة أيفون و أندرويد 1xbet مصر Eg 1xbet Com Melhores Casas Sobre Apostas No País Brasileiro 2024 Casa-apostas Apresentando” قم بتنزيل 1xbet على جهاز الكمبيوتر ، وكيفية تنزيل تطبيق سطح المكتب على جهاز الكمبيوتر برنامج المراهنات الرياضية تحميل التطبيق العميل 1xbet Com How To Try Out Roulette Rules & Guide How To Win From Slots: Top Ideas To Boost Your Own Chances How To Win The Car In Gta 5 Casino Win The Particular Gta Online Scène Vehicle How To Win The Car In Gta 5 Casino Win The Particular Gta Online Scène Vehicle How To Perform Slot Machines Najlepsze kasyna bez depozytu 2025 The Best Different Roulette Games Strategy Tips In Order To Win At Roulette Promozioni effettive di 22Bet in Italia Отзывы о казино Stake от реальных игроков 2025 о выплатах и игре The Best Different Roulette Games Strategy Tips To Win At Roulette Cassinos legais no Brasil: novas regras e melhores sites Top 10 Biggest Casinos In The Usa 1xbet 보너스 받는법 및 출금 롤링조건 등 사용법 총정리 온라인카지노 Kr Your Current Reliable Partner Regarding Tent Manufacturing Online Kaszinó Játékok És Élő Kaszinó Játékok History Of Las Vegas Casinos Who Else Built It & How Sin City Emerged To Be En Güvenilir Canlı Bahis Empieza Casino Sitesi Игровые Автоматы На мнимые Деньги Играть Онлайн В Лучшие Слоты How To Available A Casino: A Detailed Six-steps Guide Gaming Paradise Is Just Around The Corner: Top Ten Casinos Throughout Las Vegas Find the right person: tips for effective singles dating over 60 10 Regarding The World’s Largest Casinos: The Greatest Casinos Ever! Gamification : la limite entre jeu vidéo et casino en ligne se brouille Ufc 302 Gdzie Oglądać Za Darmo I Na Żywo? 2 06 24 ‎Casino ua online casino club on the App Store 1xbet تسجيل الدخول للجوال قم بتسجيل الدخول إلى حساب 1xbet الخاص بك “원엑스벳1xbet 프로모션 코드 2024: Jbmax Vip! Sweet Bonanza Ücretsiz Demonstration İle Oyun Deneyimi Verde Kaszinó: Új Kaszinó Oldal Rendkívüli Bónuszokkal! Türkiye Casino Sitelerinin Adresi 2024 En Iyi Türk Online Casino En Güncel Ve Güvenilir On Line Casino Ve Bahis Sitelerinin Adresi 2024 Listesi 1xbet 모바일 앱-어플 2024, 버전, 다운로드, 설치, Ios, 안 Diocesan Development Services To The Particular North Karamoja Dds-n Sai Dwaraka In Nessun Caso Tours & Travels Pin-up On Line Casino Türkiye En İyi Canlı Casino Oyunları Ve Slot Makineleri Strategies for making a bisexual woman feel very special and loved Diamond Casino Heist The Big Disadvantage Walkthrough Play 17, 800+ Cost-free Us Online On Line Casino Games No Get” Jouez au casino en ligne numéro un dans le monde 1xbet Login Guide » The Way To Sign Inside To Your 1xbet Account 2024 Better United kingdom Casinos One Undertake Credit card 1вин Бесплатно нет Регистрации Играть и Игровые Автоматы 1win Top Tips For Just How To Beat Slot Machines: Become A New Winner! 원엑스벳 도메인 주소 1xbet 우회접속 가입방법 안내 토크 Deneme Bonusu ile Ücretsiz Oyun Deneyimi Bahis Dünyasında Sıkça Yapılan Hatalar ve Çözümleri 1win Мобильное Приложение На Ios И Android бесплатно Скачать

Asia

At annual meeting of global leaders, bullishness on China's economy abounds

DALIAN, China — Despite many risks and challenges facing the world’s second-largest economy, views on China were largely optimistic at the World Economic Forum meeting here in Dalian.

The positivity may have seemed incongruous with the perennial spate of doomsaying headlines, but the line held strong throughout “Summer Davos.” During the three-day gathering — named after the forum’s annual marquee event in Switzerland — business leaders, policy makers and experts focused on imagining the future, and how the world ought to position itself to take tomorrow by storm.

While some of the forum’s discussions looked beyond the horizon — from smarter-than-human artificial intelligence to solving political strife — much of the discussion focused on the here and now of China, which has hosted the annual meeting for about a decade.

The tone was set with Premier Li Keqiang’s opening speech on Tuesday, which offered a rare glimpse into what authorities are thinking in the world’s second-largest economy.

During his address, Li touted the idea of a Chinese economy driven by innovation. It’s an image that China has been eager to push, marking a clear shift from the old stereotype of a “copycat China,” especially as entrepreneurship has boomed. The premier also made it clear that Beijing was aware of risks facing growth, and assured the audience that authorities were equipped to handle them.

China’s growth momentum remains strong, according to Helen Zhu, managing director and head of China equities at BlackRock, the world’s largest asset manager. And a wider crackdown that has hit the financial sector isn’t unusual in a developing market — while holes would take a while to fix, it’s a good sign the government is working on it now, she said.

“Any problem that’s taken seven, nine years to build up will not be resolved overnight, so that path towards the resolution will not be a straight line either,” Zhu said.

Former Chinese central bank advisor Li Daokui even predicted the country’s economic growth will accelerate once the country gets new leaders who aren’t scared. Many officials have been swept up in a major anti-corruption campaign waged by President Xi Jinping, so without the worry of being taken out in a crackdown, the thinking is that heavily-vetted new authorities may become bolder in pushing forth much-needed reforms.

Xi’s supporters have said the anti-graft investigations are necessary to get rid of bad actors, while critics say it’s merely house-cleaning of opponents. Either way, a major twice-in-a-decade leadership shuffle this fall is set to take place, and that’s the turning point.

“These [new] officials have been carefully, carefully scrutinized before they are appointed, so they are clean,” Li said. “They are not worried about becoming targets of anti-corruption investigations.”

Li’s so bullish that he even said he expects China’s economy to grow as much as 7 percent next year, and around 6.7 percent this year. While that would still represent the country’s slowest pace of growth in about a quarter of a century, it would match what China posted in 2016, and perhaps mark the start of growth acceleration.

Continued strength and optimism in China is also marked by increasingly sophisticated consumers with greater spending power than ever.

Chinese today are more aware of what they’re buying, and are starting to seek better goods rather than cheaper or counterfeit items, said Gao Hongbing, an Alibaba Group vice president, during a World Economic Forum event.

“I think they’ve lost interest,” Gao said of the mainstream Chinese consumer’s attention to knock-offs. “Therefore, they like more high-quality and genuine products.”

And despite uncertainties, Chinese CEOs are still willing to invest now for the future, according to a KPMG study heralded during the meeting. While top executives from the U.S. and Europe are looking to their own domestic economies to seek growth, ones from Asia are looking to international markets, according to the study. Chinese CEOs in particular are interested in Australia, Germany and the U.K. as overseas destinations for growth.

Still, in the short term, experts say Beijing must contend with a collection of domestic concerns, such as a housing bubble and debt levels.

At next year’s Summer Davos — set to be held in the Chinese city of Tianjin — perhaps some of those challenges will have seen new solutions.

—CNBC’s Geoff Cutmore and Everett Rosenfeld contributed to this report.

See more of CNBC’s World Economic Forum “Summer Davos” coverage here.

Source: cnbc china
At annual meeting of global leaders, bullishness on China's economy abounds

Comments are closed.