China remains attractive investment destination

Q2 Are you confident about the Chinese economy over the long run? How would you rate your confidence in the Chinese economy?

KASSOW: We have confidence in the Chinese economy. China has exhibited remarkable resilience and growth over the years, and I believe it will continue to be a dynamic force in the global economy. Several key factors underpin my optimism — China's vast market size and expanding middle-income group, its commitment to innovation and technology, ongoing market reforms and evolution of the financial sector.

LIU: In its initial economic growth model, China developed itself into a manufacturing center for global products, but this is changing. Today, China is leading in many new and innovative industries, such as biotech, renewables and electric vehicles. The next economic growth phase will be driven by the country's competitiveness developed through technology, supply chain and operating efficiencies. This will greatly benefit the Chinese economy in the long run. I am very confident that, as an integral part of the global economy, the Chinese economy will continue to play an important role in the global landscape, particularly in the development of innovative solutions to manage the energy transition.

MAO: The Chinese economy is facing headwinds because of weak consumer and corporate confidence to consume and invest following three years of strict COVID-19 lockdowns. While the consumption recovery is happening at a slower-than-expected pace, we believe it will pick up as confidence improves with time, better employment and more income prospects. Policy support remains robust as the Chinese government has announced a slew of stimulus policies, including a plethora of support for the real estate sector. It demonstrates the government's intention to boost consumer and corporate confidence, which should ultimately benefit the economic recovery.

WATKINS: If you look at the breadth and depth of the Chinese economy, there continue to be plenty of opportunities and long-term growth potential. Above all, China is home to a large and booming skilled talent pool. Over the years, domestic and foreign companies have been benefiting from the scale of the Chinese workforce, which continues to be a key contributing factor to Chinese economic development. We should not forget China's achievements in digitalization and technological innovation, giving it a competitive edge and leadership in the internet-based economy. The level of digitalization has been rising rapidly in the past decades, reshaping how people live, work, and do businesses, and creating a fertile ground for new business opportunities. This sets a great example of innovation for the world and remains a key driver of the country's future growth.