China Is Shifting To Long-Term Growth. What Does It Mean For Asia? | Money Mind | Growth Target

China's shift to long-term growth, and what it means for Asia.

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About the show: Money Mind tells you how to make the most of your money with tips for investors, business ideas for businessmen and analysis of the economy, companies, markets, financial products and trends.
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[Zerpentsa]

It means slower but steadier autarkic growth. Less dependence on external trade. It means higher prices for the rest of the world. They will pay more for goods they have enjoyed.

[morphyao]

Thanks to Trump's sanction, China begin to realize the quality of economy rather than the GDP is the most important thing in the present developing stage. That's why many Chinese truly believed that Trump is actually a Chinese Inside Man in US.

[孙笑川-bo]

shifting😅?
China always think long-term growth.

[tschoong]

China aims to a controlled development growth. China should not leave it to only private companies to lead the economic growth. It therefore should rein in the growth of private companies to a size where they cannot cause systemic damage to the economy. It should lead in key economic sectors be it the high tech sector, the medical sector, the education sector, the AI sector, etc. China is on the right path to very high sustainable wealth.

[willengel]

thanks to the trade war, sanctions, and blacklists. it clearly identified what areas China needs to work on. 👍👍😁😁 Short term pain, long term gain.

[doin_fine]

China is a stable country that can stick to a five year plan unlike western democracies that can barely make a plan a year in advance. Because of this it's a safe place to invest.

[hughmungus]

Immagine that, China being modest with it's growth expectations and being austere with it's budget. Meanwhile the US is pouring stimulus on like it was handing out candy.

[oceanwave]

Hope that it is not just me: whenever I hear about China, I hear "build, build, develop, bring vaccines/masks, even business opportunities, respect differences". But when I hear democratic countries, especially US, UK, India, I hear "contain China, racist/double standard/hypocrite". Case in point: UK just decided to upgrade their nuclear weapons, what about Iran and NK? A western media praises how fast US and UK are in deploying vaccines (better than EU), but conveniently forgot that US/UK robbed almost all Covid vaccines by export ban.

[adamgibson]

Can't be self sufficient without innovation.

[augustinepan]

Steady development not bubbles to create opportunity to take advantage of it is the characteristics of China’s policy.

[johndelong]

Judging by the success of covid 19 and subsequent vaccine sales covid 20 cant be far off.

[terencekwong]

What's with the yellow tint, is CNA using the BBC filter 😆

[leesul]

I am happy that China growths and posporous country, but I hope they will restore peace in their country and its neighbors to avoid confrontation and tension. As long as China take lands, islands and resources nearby then tension continues...
I love Chinese but I hate the government of China.

[mahadzirabdkarim]

PERHAPS
NO WAR BETWEEN US
#aseancitizen
#respectourcoustal

[leossylee]

Good we're going to bill'ss worlds biggest crossword arithmetic grade's equals global share production Asia pacific titles china bill's less than current any address occupancy longevity.

[blackumbrella]

It means China's power will stay inside the great wall. A lot of countries are now realized that they can't rely on Chinese tourists and shoppers forever.