China builds a strong and healthy financial system
Kristalina Georgieva, CEO of the World Bank, said recently that China is working together to build a stronger and healthy financial system that will contribute to China's high-quality economic growth.
In an exclusive interview with Reuters, she said that China is encouraged to continue the current financial system reform, a strong and healthy financial sector will help companies improve performance, clear poor performance of the company, and to provide support for entrepreneurial innovation.
"We will not see double-digit economic growth, but we want to see that every percentage is a higher quality growth," said Georgiyeva.
She said that China will become a competitor to higher-end countries on the value chain, so pay attention to China will reduce the demand for raw material imports, which will have a potential impact on these countries and countries that rely heavily on raw material exports.
She also argues that China's current supply-side structural reforms are important to measure the success of the Chinese economy in terms of increasing domestic consumption, avoiding a high degree of reliance on exports, providing more high-end manufacturing products and more services to find a balance between The
Georgesyeva pointed out that China's start-up enterprises in recent years has been a remarkable growth and significant progress, China's R & D investment has increased significantly, accounting for 2% of GDP, this level is equivalent to the OECD Average.
At the same time, the composition of China's R & D investment has also undergone great changes, and now more original research and innovation from China, and before the main use of research will be external innovation into China, to serve the Chinese economy.
In an exclusive interview with Reuters, she said that China is encouraged to continue the current financial system reform, a strong and healthy financial sector will help companies improve performance, clear poor performance of the company, and to provide support for entrepreneurial innovation.
"We will not see double-digit economic growth, but we want to see that every percentage is a higher quality growth," said Georgiyeva.
She said that China will become a competitor to higher-end countries on the value chain, so pay attention to China will reduce the demand for raw material imports, which will have a potential impact on these countries and countries that rely heavily on raw material exports.
She also argues that China's current supply-side structural reforms are important to measure the success of the Chinese economy in terms of increasing domestic consumption, avoiding a high degree of reliance on exports, providing more high-end manufacturing products and more services to find a balance between The
Georgesyeva pointed out that China's start-up enterprises in recent years has been a remarkable growth and significant progress, China's R & D investment has increased significantly, accounting for 2% of GDP, this level is equivalent to the OECD Average.
At the same time, the composition of China's R & D investment has also undergone great changes, and now more original research and innovation from China, and before the main use of research will be external innovation into China, to serve the Chinese economy.