In a recent interview with CGTN, Li Daokui, director of the Academic Center for Chinese Economic Practice and Thinking at Tsinghua University, emphasized that China’s economy is far from reaching its peak. Li highlighted several key factors contributing to this optimistic outlook, including a substantial savings rate, a robust research and development (R&D) sector, and the vastness of China’s market.
“With a 45 percent savings rate that can be effectively channeled into investment, China possesses significant capital to fuel economic growth,” Li stated. He also noted that China boasts the world’s largest R&D team, which serves as a strong foundation for innovation and technological advancement.
Li predicts that these factors combined could lead to a potential growth rate of 5.7 to 5.8 percent. “The sheer size of our market provides endless opportunities for businesses and investors,” he added.
Li’s comments come amid global discussions about China’s economic trajectory and its role in the international economy. His insights offer a counter-narrative to concerns about economic slowdowns, highlighting the country’s structural advantages and untapped potential.
As China continues to evolve economically, experts like Li Daokui underscore the importance of leveraging savings and human capital to sustain growth. His optimistic projections reflect confidence in China’s capacity to navigate challenges and maintain its position as a key player in the global economy.
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China's economy far from peaking, potential growth rate of 5.7-5.8%
cgtn.com
