International scholars and experts have expressed confidence in China’s economic growth prospects, highlighting the country’s sustained competitiveness in global trade and manufacturing.
Arthur Kroeber, founding partner of China-focused economic research firm Gavekal Dragonomics, emphasized China’s broad competitiveness across both low-value and high-value sectors. He attributes this strength to China’s extensive labor pool and effective infrastructure, enabling it to remain competitive across a wide range of goods.
Kroeber pointed out China’s comparative advantages, such as the productivity of its workforce, high-quality infrastructure, and the robust industrial ecosystem established in many sectors. He noted that China remains an indispensable market for many international companies and continues to be a significant source of growth.
Looking ahead, Kroeber believes that China will maintain a strong position in global manufactured trade, including in developed markets. He stated that fully decoupling developed countries’ markets from China would be challenging due to China’s integral role in numerous supply chains.
Jeffrey Sachs, an economics professor and director of the Center for Sustainable Development at Columbia University, shared a similarly positive outlook on China’s economic development over the next five years. He highlighted that China is at the forefront of key global technologies needed for the coming decades, including photovoltaics, wind power, modular nuclear power, long-distance power transmission, 5G advancements, batteries, and electric vehicles.
Sachs believes these technological advancements will continue to propel China’s economy forward. He added that the Belt and Road Initiative and related policies are set to play a larger role as the world invests more in new energy and digital systems. According to Sachs, China’s trade and financial relations are likely to increasingly focus on emerging and developing countries.
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Foreign scholars positive about China's economic growth prospects
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