Securing the Future
Caixin Media TV debate
Pavilion 4, Hall 4.1, Arena

While China’s thirty-year economic development programme has delivered remarkable success, it has been argued that the country now risks stagnation of a ‘middle income trap’ if there is not a shift towards more consumption-driven and innovation-led sustainable growth. What reforms are necessary to keep China’s economy on track, and how might regional economies be impacted?

Alexey Repik , President, Delovaya Rossiya (Business Russia)

Artem Volynets , Chief Executive Officer, SAPINDA CIS
Alexey Repik , President, Delovaya Rossiya (Business Russia)
Brian Leach , Chief Risk Officer, Citigroup Inc.
Jim O’Neill , Chairman, Goldman Sachs Asset Management (GSAM)
Alexey Repik , President, Delovaya Rossiya (Business Russia)


Key moments

If we do not curb housing prices, the bubble is going to over-inflate very rapidly; it needs to be brought under control. [...] If this does not happen, we will see consumer prices rise, which will mean higher prices for labour, land and so on - everything involved in production and manufacturing. Inflation is the main risk we face today.
Ma Weihua
The banking system in China is strong, it is exceptionally strong.
Brian Leach
Our success is built on the Chinese people’s hard work; it is built on market mechanisms, [...] not on government intervention, fiscal policy or monetary policy.
Xu Xiaonian
This not a major slowdown of economic activity, it is a change in economic activity.
Artem Volynets
In 31 years of following global economic developments professionally, I don’t know of another country in the world that has deliberately tried to stop house prices going up. That’s quite incredible.
Jim O’Neill