Kunming, February 4 (Reporter Miao Chao) Sharing, Progress, and Win-Win - The Forum on the High-quality Development of Financial Empowerment Market Entities was held in Kunming, Yunnan Province on the 3rd. Economists attending the meeting said that China's economy has broad prospects for medium and long-term development.
The picture shows the scene of the forum. **Photo by reporter Miao Chao.
Lin Jianhai, executive vice chairman of the International Financial Forum and former secretary-general of the International Monetary Organization, analyzed that the current world economy is characterized by low growth, high inflation, high debt and high uncertainty. "In the future, the world economy will continue to grow slowly and unevenly, and the world economy will have complex risks, challenges and development opportunities. ”
He mentioned that there are multiple challenges to the short-term, medium- and long-term development of China's economy. Short-term challenges include property adjustments, sluggish exports, local debt, slow market recovery, and consumer confidence to continue to improve. In the medium and long term, there are challenges such as an aging population and a highly uncertain international environment.
However, Lin Jianhai said that China has a high-quality labor force, there is still room for increase in labor supply, there is still huge room for development in industrial upgrading and scientific and technological progress, there is still great potential for the development of the service industry, consumer demand can continue to increase, and urbanization and per capita GDP improvement are still promising. Based on this, he believes that China's economy has broad prospects for medium and long-term development.
Zhang Yansheng, chief researcher at the China Center for International Economic Exchanges, shared the same view. He suggested that in the long-term development potential and growth path of China's economy, it is necessary to promote the linkage between science and technology, finance and industry. At the same time, efforts should be made to expand domestic demand, cultivate new consumption, vigorously develop digital consumption, green consumption, and healthy consumption, and actively cultivate new consumption growth points such as smart homes, entertainment and tourism, sports events, and domestic "trendy products", stabilize and expand traditional consumption, and boost bulk consumption such as new energy vehicles and electronic products.
At the forum, Benxin Yang, Partner of Strategy and Transformation Consulting Services of Ernst & Young (China) Corporate Advisory*** Greater China, interpreted global risks from the perspective of "climate change". He pointed out that climate and natural disaster risks are the most serious global risks, and they have had a huge impact on the operations of Chinese companies.
Yang Benxin suggested that Chinese enterprises should reduce or eliminate the negative impact and fluctuations on the business process by scientifically managing physical risks in the process of operation, and ultimately achieve high-quality development. (ENDS).