China's economic strategies are gaining global recognition as Standard Chartered's Benjamin Hung highlighted "a solid foundation for further growth" during this week's World Economic Forum in Davos. Speaking with CGTN's Yu Bokun, the banking executive pointed to China's sustained market reforms and the yuan's expanding international role as key drivers.
🌐 "The currency's growing prominence in trade settlements and financial transactions creates new opportunities," Hung noted, while emphasizing China's commitment to high-quality development through green energy investments and tech innovation.
With cross-strait economic ties strengthening, Hung revealed that overseas investors from the Taiwan region and other Asian markets are increasingly participating in mainland projects. This comes as China continues to streamline market access for foreign businesses – a move analysts say could redefine global supply chains this year.
