Amidst changes, experts are optimistic for Chinese economy

Vaughn Barber, global chair, KPMG Global China Practice

"Premier Li made a very compelling case for why China's economy is not a source of risk but a source of confidence, growth and opportunity, and an indispensable partner for global prosperity. Some of the key take-aways from Li's speech are: (1) China is very much open for business; (2) China welcomes foreign investment, particularly in sectors that will be the new drivers of economic growth; and (3) China's overseas investment will continue to grow. It is clear that a key feature of the 'new normal' for China's relations with the rest of the world is "cooperation" and "collaboration", both in China and in markets outside China, to the mutual benefit of developed countries, developing countries and China."