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Economy

Innovation proves driving force in China(4)

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2017-09-22 09:38China Daily Editor: Wang Zihao ECNS App Download

What will boost growth in the country this year and in 2018?

Hunter: China's clear development agenda and strong leadership bring focus and stability that create a favorable environment for growth, now and in the future. As China transforms to become an innovation-driven economy and upgrades its manufacturing industry, I firmly believe that it will achieve more "quality" growth, to become a true manufacturing power.

Again, in my opinion, the challenge currently facing the Chinese economy is the balance between economic development and sustainability.

Garnier: Openness, cooperation and innovation are the most favorable factors for China's growth. Great efforts have been made by China to develop domestic industries and create a very stable domestic environment. After experiencing staggering growth, China has entered a stable development period. How to use innovation during this period before the next development peak is the biggest challenge faced by the economy.

Honestly, I have my own opinions. Although the economy is developing rapidly, it still suffers from unstable structures in some fields.

For example, with the real estate economy serving as a growth engine in recent years, the structure remains unbalanced. In addition, the country's aging society, education and health will become topics of significant importance.

  

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