China's economic future is looking bright, according to top international scholars who recently shared their insights. During interviews with the South China Morning Post, experts highlighted China's resilience and competitiveness in the global market. 🌏
Arthur Kroeber, founding partner of Gavekal Dragonomics, praised China for maintaining a stable share in global trade and manufacturing. \"China is so far doing a pretty good job of retaining its competitiveness,\" he remarked. With an enormous labor pool and effective infrastructure, China stays ahead in both low-value and high-value sectors. 📈
Kroeber emphasized China's comparative advantages, citing its size, productive workforce, and robust industrial ecosystems. He believes that for many international companies, China remains an indispensable market and a significant source of growth. \"It's going to be very difficult to fully decouple the markets of developed countries from China because China is just too important in too many supply chains,\" he added. 🔗
Jeffrey Sachs, an economics professor at Columbia University, highlighted China's leadership in key global technologies essential for the next 25 years. From photovoltaics and wind power to 5G and electric vehicles, China is at the cutting edge. \"These will keep the Chinese economy moving forward,\" Sachs stated. 🚗🔋
Sachs also noted that initiatives like the Belt and Road Initiative will play a larger role as the world invests in new energy and digital systems. He predicts that China's trade and financial relations will increasingly turn towards emerging and developing countries. 🌍
For young professionals and students eyeing the global market, these insights underscore the importance of staying connected with China's evolving economic landscape. After all, the future is looking brighter than ever! ✨
Reference(s):
Foreign scholars positive about China's economic growth prospects
cgtn.com
