China's recent economic stimulus package is setting the stage for a robust economic future, signaling confidence in both immediate performance and long-term potential. By mobilizing \"new quality productive forces\" across targeted future industries, China aims to fuel sustainable growth and innovation.
The critical question is how China can strike a balance between short-term fiscal stimulus and forward-looking industrial policy to meet its ambitious growth targets. This topic took center stage at the \"Decoding China's Economy: Present and Future\" panel, jointly organized by CGTN and the World Economic Forum.
Moderated by CGTN's Tian Wei, the panel featured some of the brightest minds in economics and industry. Bonnie Chan, Chief Executive Officer of Hong Kong Exchanges and Clearing, highlighted the importance of financial markets in supporting innovative industries. Zhu Min, a member of the Senior Expert Advisory Committee at the China Center for International Economic Exchanges, provided insights on economic strategies that could bridge immediate needs and future aspirations.
Michael Süss, Executive Chairman of Oerlikon, discussed how technological advancements in key industries could be pivotal for China's economic trajectory. Hou Qijun, Director and President of China National Petroleum Corporation, shared perspectives on the energy sector's role in the nation's growth plans.
The panelists concurred that synchronized efforts in fiscal policy and industrial innovation are crucial. By investing in future industries while maintaining economic stability through stimulus measures, China is positioning itself to not only recover from current economic challenges but also to lead in global markets.
This strategic approach underscores China's commitment to balancing immediate economic support with long-term development goals, ensuring sustained growth and continued influence on the global stage.
Reference(s):
cgtn.com
