The founder of the World Economic Forum is optimistic about China's economy
19/9/2018 12:00 am
[rtl] Tianjin / follow-up morning
Klaus Schwab, founder and CEO of the World Economic Forum, expressed his optimism about China's economic growth. Schwab made the remarks ahead of the opening of the 2018 Annual Conference of New Champions, known as "Summer Davos" in Tianjin, northern China.
He stated that over the past forty years, there has been a lot of critics and pessimists who predicted always the end of the economic growth in China, but it turns out they are wrong. " Growth rate and the expansion of the GDP of China by 6.8 percent in the first half of this year, surpassing the government 's annual target Which is about 6.5 percent, while the rate of growth between 6.7 and 6.9 percent in 12 consecutive quarters, which highlights the economic flexibility in the country.
At the international level, Schwab pointed out that the global economy is facing many challenges, such as trade frictions and possible deflation due to the natural economic cycle, debt problems as well as the impact of global warming. Uniting forces, he said, adding that nations must recognize challenges, unite forces and eliminate the risks inherent in global cooperation. Speaking about his first visit to China nearly 40 years ago, Schwab acknowledged that "it was very different and it was a poor country." China launched its reform and opening-up policy in 1978. This long-term policy has not only brought rapid and sustained development to the country, but has enabled China to contribute more vigorously to the global economy.
According to fixed prices, China's GDP rose 33.5 times between 2017 and 1978, representing an annual growth rate of 9.5 percent, well above the global average of 2.9 percent over the same period. GDP pointed out that Schwab 's GDP growth was not the only matter of concern to China, noting that the country also realized the importance of improving people 's lives and protecting the environment. To play a better role in the global economic arena, Schwab suggested that the Chinese government strengthen its responsiveness and responsibility and assume more social responsibilities and duties at the global level to help make the world system more open. National level
The first edition of the China International Import Fair will be held next November. It is also the first national exhibition in the world to specialize in imports, which will help China to integrate more into the global economy.
"This is very important. We need open markets, but we also need a certain balance between exports and imports to protect
global peaceful and cooperative relations," Schwab said .
The annual Davos Forum, launched by the World Economic Forum in 2007, is held in China annually and alternately between the cities of Tianjin and Dalian.[/rtl]