Edition: English Asia Pacific Africa Europe | Español Français العربية Pусский | 中文简体 中文繁体
Homepage > Biz Video

China's growth outlook takes center stage at Davos Forum

Reporter: Martina Fuchs 丨 CCTV.com

09-10-2014 16:24 BJT

Full coverage: Summer Davos in Asia

What’s drawing 1600 participants to the World Economic Forum is the chance to find out -- where China stands and where it’s headed. Our reporter Martina Fuchs reporting from the ground. 

On the opening day of this year’s World Economic Forum in Tianjin, China’s economic outlook is taking center stage.

How to upgrade the country’s industrial value chain, revising monetary policy and how to boost investment and innovation are at the top of the agenda.

The forum’s participants are also discussing how China’s growth trajectory will impact the rest of the world.

"China’s official growth target for 2014 is 7.5 percent, and the government has been trying to steer the economy away from investment- and export-driven growth towards consumption-led activity," Standard Chartered CEO Jerry Zhang said.

Analysts have recommended that monetary policy needs to be loosened more.

"The global lender’s projections this year are almost in line with the government’s forecast, predicting real GDP growth of 7.4 percent. However, the IMF expects expansion to ease to 7.1 percent in 2015," IMF Sen. resident representative Alfred Schipke said.

China’s economy has had a bumpy ride this year. Although growth rebounded slightly in the second quarter from an 18-month low, tepid domestic demand and a cooling housing market are weighing in. Over the next 3 days at the World Economic Forum, participants will discuss new ways to support the domestic economy.

Follow us on

  • Please scan the QR Code to follow us on Instagram

  • Please scan the QR Code to follow us on Wechat

We Recommend

  • World Heritage China Part 29
  • Glamorous Indonesia Part 2
  • Along the Coast Part 41
  • Glamorous Indonesia Part 1
  • Dreams and the business reality
  • Philippines' beauty pageant obsession
  • China's love for basketball
  • Box office online
  • Jixi: Land of luminaries II