IMF's former Vice President Zhu Min: Domestic Consumer spending, manufacturing, and green transformation will become the growth drivers of China's economy.

Breakings · Dec 12, 2024 17:10

Recently, at the Financial China 2024 Annual Conference and the 22nd Financial Celebrity Rankings, Zhu Min, Vice Chairman of the China International Economic Exchange Center and former Vice President of the IMF, stated that the traditional three engines of China's economic growth are infrastructure investment, Real Estate, and exports. The transformation of the entire economic structure needs a new growth driver. Zhu Min noted that this new growth driver comprises firstly focusing on domestic Consumer demand, secondly ensuring the efficiency of domestic manufacturing, particularly in high-tech, and thirdly pursuing a green transformation, continuing down China's sustainable development path for green transformation, while enhancing our core competitiveness.

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IMF原副总裁朱民：国内消费、制造业和绿色转型将成为中国经济的增长动力

IMF's former Vice President Zhu Min: Domestic Consumer spending, manufacturing, and green transformation will become the growth drivers of China's economy.

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