国内英语资讯:Opening of Chinas market could serve as future global growth driver: experts_时事

国内英语资讯:Opening of Chinas market could serve as future global growth driver: experts

Most of the economic experts predicted economic slowdowns in major global markets, including China and the United States, for 2019, but according to Jin, though growth has become more of an issue, the Chinese government is now shifting its focus to revamping growth.

"China has a lot more scope than most countries in this regard," she said, adding that China's main challenge is "how to unleash the real potential of the real economy."

Ray Dalio, founder of investment management firm Bridgewater Associates, noted that there's a top-down way of setting a mission, and working those things in a top-down way in China that has produced a 20-fold increase in income.

Chairman of the Swiss bank UBS Axel A. Weber said at the discussion that most of the growth seen globally is "generated by China being included in the world economy."

"The more we can connect stock markets, the more we can bring international investors into the Chinese economy," he noted.

Though soft but stable growth characterizes the general outlook for 2019, experts attending the discussion noted that a range of serious risks still exist on the periphery, such as a hard Brexit, climate change, and cybersecurity.

Experts at the discussion also predicted that easing monetary policies and fiscal reforms could offset the slowdown, but with interest rates still at post-financial crisis low points, there are questions about how much room central banks have to manoeuvre.