We have strong confidence about China's economy: Hong Kong expert
113 views · Published 15 March 2016 · 1:44 · Indexed 20 September 2026
Channel: New China TV · 2016 · News & Politics
SOUNDBITE: ERIC HU, Managing director of BOC International: "We have strong confidence about China's economy especially in the medium and long term perspective. The service sector is still underdeveloped with huge potential demand while there is further room for labor productivity increase with consecutive accumulation of human capital in China. In 2015, the service industry contributed 57.7 percent of China's GPD, up 7.1 percentage points from 2014. With the continued development of urbanization, especially after 13th five-year plan set the goal to settle and register around 100 million of the floating rural population, there are enormous demands brought from migrants in the field of infrastructure, durable goods and housing."
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