BEIJING, Nov. 3, 2022 /PRNewswire/ — China Focus releases a new feature on China’s New Economy Takes Off. The feature is contributed by Michael Zakkour, founder and CEO of U.S.-based consulting firms 5 New Digital and China BrightStar.
One of the key points Chinese President Xi Jinping made in his report to the 20th National Congress of the Communist Party of China was regarding the path forward for economic growth and modernization.
A big question on the minds of businesses, investors and global leaders in the lead-up to the Party congress was “Where does the Chinese economy go from here?” While there is no easy answer to this question, we can begin by recognizing that China is facing many of the same challenges that other major global economies are encountering. These include the fallout from the COVID-19 crisis, inflation, global capital markets in retreat, the need for labor and the uncertainties raised by climate change, the…
