Insights丨Former official of WEF: China's economy widely expected to expand despite three challenges

2024-02-04 Editor : Peng Dawei ECNS App Download

(ECNS) -- Claude Smadja, Former Managing Director of the World Economic Forum, told China News Network that the world looks forward to the growth of China’s economy to expand by 5 percent again in 2024.

He considered Chinese Premier Li Qiang's speech in Davos as a positive one trying to convince the international business community that China is a good place to invest.

In addition, Claude also mentioned three challenges China now faces, including the restoration of consumer confidence, the shift of the growth model, and the balance between China's scientific and technological leadership in certain areas and the technological injections.

He believes China will take a very careful threading of the line to address these challenges.


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