China’s economic outlook: Has it peaked?

For more: All eyes are on China’s “Two Sessions“ as Chinese Premier Li Qiang delivers the government work report to the national legislature for deliberation. The report will determine the national agenda for 2024 and have far-reaching domestic and global implications. As China focuses on “new quality productive forces,“ what will be some of this year’s main growth drivers? In this edition of The Hub, Wang Guan talks to Robert Ross, professor of political science at Boston College and research fellow at the Fairbank Center for Chinese Studies of Harvard University. Ross says as the global economy is still reeling from the impact of COVID, productivity gains are needed through cutting-edge technology and economic stimulus to boost consumption, so that China can move forward at a rapid pace. He points out that the “China peak“ idea is misplaced, saying that “the question is not whether China continues to grow, but how fast it grows.“ Seeing the potential for growth, Ross also believes that China’s economy will continue to attract foreign investment as new generation technologies, including AI, will boost productivity gains. Subscribe to us on YouTube: Download our APP on Apple Store (iOS): Download our APP on Google Play (Android):