At the 2024 Bund Summit, economic leaders and financial experts gathered to discuss the future of global markets. Among them, Benjamin Hung, President of International at Standard Chartered, shared his optimistic perspective on China’s economic trajectory.
In an exclusive interview with CGTN’s Michael Wang, Hung emphasized the pivotal role of consumption in driving China’s next phase of growth. “Consumption will be the new driver for China’s economic growth,” he stated, pointing to the increasing spending power of China’s burgeoning middle class.
Hung also highlighted the unique position of China’s market and its supply chain. “China’s market and its high-quality supply chain are irreplaceable,” he asserted, underscoring the country’s integral role in global trade and manufacturing networks.
The insights from Standard Chartered’s executive come at a time when global supply chains are being re-evaluated, and countries are looking for ways to ensure economic resilience. Hung’s confidence in China’s economic future reflects a broader sentiment among international investors and business leaders who recognize the nation’s potential for sustained growth.
The Bund Summit continues to serve as a crucial platform for dialogue on economic policies and strategies affecting Asia and the wider world. As discussions unfold, China’s position in the global economy remains a focal point for attendees and observers alike.
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Stanchart Executive shares insights on China's economic resiliency
cgtn.com
