Business leaders are optimistic
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.