China’s pivot toward green tech and innovation is catching global attention 🌏. Standard Chartered CEO Bill Winters praised the nation’s 'booming' new economy sectors, like electric vehicles (EVs) and sustainable finance, during the World Government Summit in Dubai this week.
'If you visit the new economy… it’s absolutely booming with double-digit growth rates,' Winters said, comparing China’s transition to historic industrial shifts in the West. He highlighted Beijing’s efforts to avoid financial crises during this transformation: 'They’re trying to manage this without disrupting the system… I think they’ll get through just fine.'
JPMorgan’s John Bilton echoed the optimism, pushing back against claims that China is 'un-investable.' The global strategist told CNBC: 'You can’t treat the world’s second-largest economy as an afterthought – that’s wide of the mark.'
From EV supply chains to green finance, experts say China’s economic metamorphosis could redefine global markets. 🔌⚡ Will this 'new economy' narrative win over skeptical investors? Let’s watch this space.
