Your current location:HOME >travel >WEF chair expresses confidence in Chinese economy 正文
TIME:2024-05-21 07:31:13 Source: Internet compilationEdit:travel
(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.
'The Apprentice,' about a young Donald Trump, premieres in Cannes2024-05-21 07:12
Girl, five, dies in horror crash with a lorry while riding her bike outside the school gates2024-05-21 06:48
To ‘counter coercion,’ EU must first recognize ‘real coercion’2024-05-21 06:28
Chris Packham joins eco2024-05-21 06:06
Iran helicopter crash that killed President Raisi could reverberate across the Middle East2024-05-21 05:57
Commentary: Sowing discord, fanning flames no good for peace in Middle East2024-05-21 05:47
Meal services for elderly to expand nationwide2024-05-21 05:27
Top Chinese diplomat stresses China2024-05-21 05:26
Kristin Cavallari, 37, ignores critics of her age2024-05-21 05:17
Xi Plants Trees in Beijing, Urging Nationwide Afforestation Efforts for Beautiful China2024-05-21 05:16
The Latest2024-05-21 07:29
France should bring rational voice to EU trade policy on China2024-05-21 07:27
How Wisconsin HVAC engineer Nicolae Miu loved his dog and his guns2024-05-21 07:23
Commentary: Message of peace for cross2024-05-21 07:21
Kate Hudson hits the stage to debut songs from her new album Glorious at star2024-05-21 06:23
BRI a path of happiness benefiting world2024-05-21 06:03
Commentary: Message of peace for cross2024-05-21 05:55
Britain's Gibraltar concessions with Spain just to reach a post2024-05-21 05:50
Storms damage homes in Oklahoma and Kansas. But in Houston, most power is restored2024-05-21 05:30
France should bring rational voice to EU trade policy on China2024-05-21 05:28