Former governor of central bank Zhou Xiaochuan says China can fuel regional growth amid global high interest rates
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BreakingFormer governor of central bank Zhou Xiaochuan says China can fuel regional growth amid global high interest rates
03:03
US-China relations depend on strong economic ties, says US commerce chief during talks in Beijing
US-China relations depend on strong economic ties, says US commerce chief during talks in Beijing
Decoupling, de-risking and geopolitical conflicts have affected global trade, cooperation on investment and finance, and the readjustment of global industrial and supply chains have also posed challenges to countries’ growth, said Zhou, who was governor of the People’s Bank of China from 2002 to 2018.
“Asia will continue to become the main engine of global growth despite the headwinds in the global economy, and countries along the Belt and Road Initiative will become the important growth engine,” Zhou said.
China’s aversion to bad news about its economy is counterproductive
China’s aversion to bad news about its economy is counterproductive
“China and other countries with low inflation and high savings rate can provide massive and low-cost funds to Asia and BRI countries.
“Hong Kong, as a global financial hub, can play a bigger role to push the BRI and sustainable development in Asia.”
More to follow …
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