Xi Jinping’s top economic adviser has told the world’s business elite that China’s economy will return to normal growth this year, as he sought to reassure global investors that the country was open for business.
Xi Jinping’s top economic adviser has told the world’s business elite that China’s economy will return to normal growth this year, as he sought to reassure global investors that the country was open for business and not retreating from capitalism.
Mr Liu, too, predicted that China’s growth this year would “most likely return to its normal trend”, driven by policies to expand domestic demand – which could be good news for Australian exports – while “keeping prices and jobs stable”. Mr Liu’s comments reinforced signals coming out of Beijing over the past month that it would adopt market-friendly policies and take a less hostile approach with trading partners such as Australia.The Australia China Business Council said many of its members were planning to visit China in coming months. A formal delegation of business leaders is also expected to visit China in March after the annual National People’s Congress.
“Australia’s exporters still see China as a market of immense opportunity in the medium and long term. They are keen to re-engage with Chinese buyers but the lessons of the last few years mean that there is unlikely to be a strong rush back, with many wary of over-reliance on one market,” Mr Olsson said.
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