日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / Boao forum for Asia Annual conference 2018

CEO: China has achieved amazing things over past 40 years

By Zhu Lingqing in Boao, Hainan province | chinadaily.com.cn | Updated: 2018-04-10 16:36
Share
Share - WeChat
Andrew Geczy, CEO of Terra Firma, one of Europe's leading private equity firms, attends the Boao Forum for Asia Annual Conference 2018 in Hainan on April 9, 2018. [Photo provided to chinadaily.com.cn]

"Extraordinary", "sustainable" and "globally integrated": Andrew Geczy, CEO of Terra Firma, one of Europe's leading private equity firms, chose these three descriptors for China's changes over the past four decades.

This year marks the 40th anniversary of China's reform and opening-up policy. In Geczy's eyes, the country has had an amazing success story over the years, while balancing the differences that exist within China.

"It is extraordinary because of the 800 million people that have been taken out of poverty and the growth that happened between 1978 and today; it is certainly sustainable in the way of the approach that it has developed both internally and externally; it is globally integrated as it played its part in keeping the global economy growing and has proposed the Belt and Road Initiative," Geczy said in an exclusive interview with China Daily Website on the sidelines of the ongoing Boao Forum for Asia Annual Conference 2018.

Geczy, also one of the panelists participating in a TV debate called "Rethinking Overseas Investment" held during the forum on Monday, said China has been involved in solving global problems and has played a critical role in the global economy.

"When you look at overseas direct investment and cross-border mergers and acquisitions, China is number two behind the United States, which reflects the important step China has made in opening-up its economy," Geczy said.

China's 2017 outbound direct investment slowed significantly and recorded its first annual drop since 2006. According to the Ministry of Commerce, after the boom in 2016, China's total outbound direct investment in nonfinancial sectors declined 29.4 percent year-on-year, from $170 billion in 2016 to $120 billion last year.

Geczy said despite the slowdown, the fact China's ODI went from $1 billion in 2000 to $120 billion in 2017 should not be ignored.

"We should not forget this is an extraordinary growth already and this recent decrease in China's ODI is actually quite small. It is quite natural after periods of rapid growth there would be a pause. China is still a dominant player in ODI and its scale and scope are very clear," he added.

Last August, the Chinese government released a guideline to further tighten the grip on or ban ODI in sectors including real estate, hotels, entertainment, sports and casinos to avoid investment risks or potential crime.

Geczy pointed out it is healthy these steps have been taken, because China's overseas direct investment will be more rational.

Below are excerpts from the interview:

What benefits do you think the internationalization of the renminbi can bring to the world?

I believe the internationalization of the renminbi will be a benefit to the global economy. It will bring benefits to my business. And importantly, although it might not essentially affect my business directly immediately, I see the internationalization of the renminbi as being fundamental to the long-term growth of the global economy. And we need a stronger renminbi for a stronger global economy.

What's your expectation on the Shanghai-London Stock Connect that is expected to take effect this year?

I believe that it will be important, because it'll bring an opportunity for European capital to work in China and an opportunity for Chinese capital to work in Europe. And I believe it brings greater transparency to the overall financial system. As China takes its role in the capital markets of the world, Shanghai will ultimately evolve to be the one of the global capital trading centers in the world. This step of connecting Shanghai and London is an important one.

What's the biggest challenge China faces today and how can the country overcome it?

Shifting from a manufacturing economy to a consumption economy and dealing with the diverse nature of China will be the challenge. I think China needs to continue to take the steps they have been taking over the last 40 years. China needs to continually take step after step in the journey to become globally integrated, an innovative player in the world.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 狠狠操伊人 | 久久亚洲国产 | 欧美精品九九99久久在观看 | 99热这里有免费国产精品 | 欧美日本一道高清二区三区 | 日本高清在线免费 | 亚洲精品久久久一区二区三区 | 毛片毛片毛片毛片毛片 | 国产精品久久久久久久久免费 | 最新中文在线视频 | 欧美特黄一级视频 | 中国大陆高清aⅴ毛片 | 一级黄色毛片视频 | 国产精品久久人妻无码网站一区无 | 日日干日日插 | 久久99国产一区二区三区 | 亚洲欧美无人区乱码 | 日韩中文字幕不卡 | 欧美三级在线 | 91看片在线看片 | 天天看高清特色大片 | 午夜激情影院 | 亚洲欧美一区二区三区久本道 | 亚洲精品美女久久久 | 亚洲高清在线视频 | 人人做人人爽人人爱 | 91视频网国产 | av一区在线观看 | 高清中文字幕视频在线播 | 成人福利视频网 | 欧美―第一页―浮力影院 | 久久se精品一区二区国产 | 日韩中文字幕一区 | 欧美―第一页―浮力影院 | 日日a.v拍夜夜添久久免费 | 人人澡人人澡人人看添欧美 | 国产99久久精品一区二区永久免费 | 在线日韩欧美 | 亚洲欧美视频 | 成人亚洲网站 | 亚洲电影免费观看高清完整版在线观 |