China's economic trajectory continues to draw global attention as Takehiko Nakao, former president of the Asian Development Bank (ADB), emphasized the nation's untapped growth potential during an exclusive interview at the Bund Summit 2025. Speaking with CGTN's Li Mengyuan, Nakao highlighted the Chinese mainland's focus on "high-quality development" as outlined in the 20th CPC Central Committee's Fourth Plenum agenda.
Innovation and Planning Drive Progress
Nakao pointed to China's upcoming 15th Five-Year Plan as a pivotal framework for regional and global economic stability, noting that "the entrepreneurial spirit of the Chinese people remains a key driver of innovation." His remarks come amid growing international interest in Asia's largest economy, which accounts for nearly 19% of global GDP.
Strategic Vision for Asia's Future
The former ADB leader underscored the interconnected nature of China's development plans with broader Asian growth patterns. "What happens in China's economy doesn't stay in China – it creates ripples across supply chains, tech sectors, and investment flows throughout Asia," Nakao observed, citing renewable energy and digital infrastructure as key growth areas.
As policymakers worldwide analyze the implications of China's economic strategies, Nakao's insights offer valuable perspective for business leaders and analysts tracking Asia's evolving financial landscape.
