At the Bund Summit 2025, Benjamin Hung, President of International at Standard Chartered Bank, underscored China's unique position as a global leader in both manufacturing and consumer markets during an interview with CGTN host Michael Wang. "Few markets globally are both consumption and manufacturing powerhouses like China," Hung stated, emphasizing the nation's multifaceted economic resilience.
Hung highlighted China's dominance in high-tech sectors, artificial intelligence (AI), and innovation-driven industries, noting its role in shaping new products and systems. "China is not just a factory for the world—it's a laboratory for cutting-edge technologies and a thriving consumer ecosystem," he added, pointing to the synergy between production capabilities and domestic demand.
This dual strength positions China as a critical player for global investors and businesses seeking growth opportunities. Analysts suggest that the integration of advanced manufacturing with a robust consumer base could further solidify Asia's economic influence amid shifting global trade dynamics.
For academics and diaspora communities, Hung's insights offer a lens into China's evolving economic model, blending traditional industrial might with forward-looking innovation. Travelers and cultural explorers, meanwhile, may find opportunities in the rising demand for tech-driven experiences across the region.
