Source: CCTV America

Speaking on a three-person panel discussion with CCTV America, Carnegie’s Yukon Huang discussed how China can move forward as its economy shows signs of stabilizing. The panel of experts agreed that recent data supports the view that China is rebounding despite facing global economic slowdown, with key indicators such as growing public investment and a small housing boom pointing to stabilization. In addressing how China can sustain stable growth amidst the global slowdown, Huang pointed to the importance of the Chinese government fostering domestic demand. Huang noted that the government is already involved in areas such as a new urbanization initiative, which will foster growth in housing and social service sectors, guiding the country’s economy to become more domestic and service-oriented. Additionally, Huang argued that China could benefit from a more open, liberal investment environment that provides domestic alternatives for investors, which could continue to help stabilize growth.

This discussion was originally broadcast by CCTV America.