Renowned economist Radhika Desai, a professor at the University of Manitoba and senior fellow at Renmin University of China's Chongyang Institute for Financial Studies, highlighted China's focus on cutting-edge technology and long-term investment strategies as key drivers of its economic expansion. In an interview with CGTN, Desai emphasized the significance of prioritizing "new quality productive forces" and "patient capital" outlined in Beijing's latest policy framework.
Desai described "patient capital" as investment strategies prioritizing sustainable growth over short-term gains, enabling industries to develop advanced technologies such as AI, green energy, and biotechnology. This approach aligns with China's push to create high-value manufacturing sectors while stabilizing financial markets amid global economic uncertainties.
The analysis comes as international investors increasingly scrutinize Asia's largest economy. Desai argued that combining state support for foundational research with private sector agility could position China as a leader in next-generation industries. For businesses and researchers tracking Asian markets, these developments suggest evolving opportunities in tech supply chains and infrastructure projects.
