Current location:travel >>
WEF chair expresses confidence in Chinese economy
travel9577People 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.“Culture Connection news portal”。http://austria.argoasecurityeu.com/html-74b299848.html
Related articles
Hong Kong: Authorities will monitor internet platforms for non
travelHONG KONG (AP) — Hong Kong’s leader said Tuesday his administration would keep monitoring for any no ...
【travel】
Read moreJeff Daniels feared THAT toilet scene in 1994's Dumb And Dumber would 'end' his acting career
travelJeff Daniels is recalling the time when he thought he had flushed his acting career down the toilet. ...
【travel】
Read moreFrench security forces work to regain control of airport highway in violence
travelUsing armored vehicles and backhoes to shove aside charred barricades, French security forces worked ...
【travel】
Read more
Popular articles
- UN maritime tribunal says countries are legally required to reduce greenhouse gas pollution
- Gorman homers and Cardinals ride 8th
- John Stamos shares rare photo with BOTH Mary
- Mets reliever Edwin Díaz open to demotion from closer role as struggles mount and confidence wanes
- Vikings seek new deal with Justin Jefferson; star WR absent so far from workouts, AP source says
- Saudi historical district expects to cooperate with more Chinese partners: official
Latest articles
Russia begins nuclear drills in an apparent warning to West over Ukraine
Copper has career
China adds 7 ski resorts to national roster
Helicopter with Iran president Raisi suffers 'hard landing,' state TV says
Vikings seek new deal with Justin Jefferson; star WR absent so far from workouts, AP source says
Man City hit top spot with emphatic win at Fulham
LINKS
- Huawei opens 2nd store in Saudi Arabia
- Xinhua Headlines
- Foundation stone laid for Sino
- Chinese FM meets Russian ambassador to China
- UNGA president advocates for sustainability in daily life
- Xi Meets Chinese Diplomatic Envoys
- China urges the U.S. to correct its wrongdoing against Chinese students
- Xi Sends Condolences to Iranian President over Serious Terror Attacks
- G20 Summit to be held in Bali, Indonesia
- Harbin to Moscow freight train delivers vehicles to Russia