Business lead­ers are op­ti­mistic

China Daily (Canada) - - FRONT PAGE - By ZHANG CHUNYAN in Davos zhangchun­yan@chi­

Euro­pean business elites and an­a­lysts are con­fi­dent about the prospects for China’s econ­omy in 2015 but also point to some chal­lenges, such as prop­erty prices and the en­vi­ron­ment, that the gov­ern­ment needs to han­dle.

“China has a very ro­bust plan and a seam­less ex­e­cu­tion of its eco­nomic trans­for­ma­tion,” said Kurt Haerri, pres­i­dent of the Swiss-Chi­nese Cham­ber of Com­merce. “This was the solid foun­da­tion on which eco­nomic de­vel­op­ment had been suc­cess­fully built dur­ing the last 30 years, and it will be a solid base for progress in the fu­ture.

“Fur­ther, it should be no­ticed that China — un­like many coun­tries in the West — has a long-term view and is there­fore ad­dress­ing the need for re­forms timely and thor­oughly.”

Stephen Phillips, chief ex­ec­u­tive at the China-Bri­tain Business Coun­cil said he, too, is op­ti­mistic about the prospects for China’s eco­nomic trans­for­ma­tion.

“We have seen en­cour­ag­ing signs to in­di­cate that things are head­ing in the right di­rec­tion. This will be a long process and will re­quire sus­tained mo­men­tum,” Phillips said.

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