Current location:travel >>
WEF chair expresses confidence in Chinese economy
travel68214People have gathered around
Introduction(People's Daily Online) 10:18, January 23, 2024World Economic Forum (WEF) Executive Chairman Klaus S ...
World Economic Forum (WEF) Executive Chairman Klaus Schwab expressed confidence in the future of the Chinese economy during an interview with CGTN at the WEF Annual Meeting in Davos, Switzerland.
Klaus Schwab, founder and executive chairman of the WEF, receives interview with CGTN. (Photo/CGTN)
Schwab said he visited China in 1979 and was impressed by its economic development journey since then. At that time, China's GDP was more than 100 times lower than it is now, and its trade volume showed an even larger difference. Schwab observed that China has transformed from an underdeveloped country to a leader in many technologies.
Despite some opinions suggesting that China's economic development has reached its peak, Schwab believes China will effectively respond to challenges such as an aging society, debt, and the real estate market. He is confident that China will discover new patterns of economic growth.
While China's GDP has grown to represent 20 percent of the global GDP, its per capita GDP remains lower than that of most developed nations, indicating potential for further development, economic growth and dynamism, according to Schwab.
"All countries at the moment go through difficult economic times for different reasons, but I feel China will have the wisdom to address the particular challenges, which are facing the Chinese economy," said Schwab.
The WEF Annual Meeting was held from Jan. 15 to 19, 2024.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Global Gathering news portal”。http://latvia.spaceforanything.com/news-85f099826.html
Related articles
Cruise worker 'murders newborn son on board ship': Shocked co
travelA cruise worker on board an Italian ship 'murdered her newborn son' as horrified co-workers raised t ...
【travel】
Read moreXi Meets Putin via Video Link
travelContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【travel】
Read moreXi Congratulates Lula on Inauguration as Brazilian President
travelContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【travel】
Read more
Popular articles
- Mystery artist who erected signs comparing pothole
- Xi Stresses Protection of People's Safety, Health
- Xi Story: The People — Never Absent in Xi's New Year Addresses
- Xi Delivers Written Remarks at 15th China
- Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
- What's New for China's New Development Pattern and Why Is It crucial?
Latest articles
Amir Khan's £11.5m luxury wedding venue finally hosts its first marriage: Bride arrives on horse
Philippine President to Visit China
Almost 100 aftershocks recorded overnight following Taiwan's 7.3
Xi Congratulates Bob Dadae on Re
Target to lower prices on basic goods in response to inflation
Xi Focus: Xi Addresses Opening Ceremony of High
LINKS
- Xi Jinping: Embracing a Brighter Future for Our Six Countries
- Summer travel booms in country
- Spring flowers enchant people across China
- Wintering birds return to China's largest recovering freshwater lake
- Xi Stresses Accelerated Efforts to Build Leading Country in Education
- Xi Sends Congratulations to Micronesia's New President
- Ancient town boosts local cultural tourism in Mangshi City, SW China
- Xi Focus: Xi Charts Course for China
- Tourists enjoy kiteboarding in Hainan
- Xi Calls for Enhancing All