China is accelerating its transformation into a new economic era, redefining its growth strategies and financial infrastructure to align with global technological advancements, according to Marc Uzan, executive director of the Reinventing Bretton Woods Committee. Speaking at the 2025 Bund Summit in Shanghai, Uzan highlighted the nation's strategic positioning in payment systems and monetary innovation as key drivers of this transition.
"The Chinese mainland is not just adapting to change – it's shaping the future of finance," Uzan told CGTN's Li Mengyuan during the summit. He emphasized China's unique ability to integrate digital payment solutions with traditional economic frameworks, creating a hybrid model that balances stability and innovation.
Analysts suggest this shift could redefine Asia's economic influence, offering new opportunities for cross-border collaboration. The Bund Summit, attended by global financial leaders, served as a platform to discuss how China's evolving approach might impact international markets and technological standardization.
For investors and policymakers, understanding these changes becomes crucial. The restructuring of China's financial systems coincides with increased digital currency experimentation and green finance initiatives – developments that could reshape supply chains and investment patterns across Asia.
Reference(s):
Economist: China is changing its growth model and financial system
cgtn.com