RIO DE JANEIRO, Sept. 14 (Xinhua) -- Brazilian experts have lauded Chinese Premier Li Keqiang's speech at the 2015 Summer Davos Forum opening ceremony last week, praising its positive message about China's economy.
Severino Cabral, director of the Brazilian Institute for China and Asia-Pacific Studies (IBECAP), qualified the speech as very positive.
"We can deduce from the speech that China intends to advance in its infrastructure reform, going from an economy focused in the foreign market to an economy focused in the domestic consumption, and at the same time ensure its growth at a rate more adequate to the current conditions," he said.
Cabral also believed that China will invest more in areas such as information technology, tourism and entertainment in the future and that partnership with other economies will be enhanced.
The BRICS Development Bank and the Asian Infrastructure Investment Bank will push China into a new development cycle, he said, adding that Brazil and other Latin American as well as African countries can be strong partners for China on the creation of new tools and establishment of global rules for wealth production on a mutual benefits basis.
Meanwhile, China's new growth rate will still ensure the country is able to carry out its reforms, said Ronnie Lins, expert in economics and international affairs at the prominent Brazilian think tank Getulio Vargas Foundation.
He agreed that the service sector will become more important in China in the next few years, and stressed that innovation is also a concern of Chinese authorities, as evidenced by the frequency that the subject is mentioned in Chinese leaders' speeches.
"In the current scenario, China's 7 percent GDP growth rate represents an enormous contribution to the stabilization of the world's economy," Ronnie Lins said.
In a recent interview with Xinhua, Brazilian economist Livio Ribeiro, also from Getulio Vargas Foundation, made a similar observation on this aspect.
It is necessary to look not only at the growth rate but at the size of the economy as well, he said, explaining that China may be growing at a lower rate now, but it is a much bigger and more important economy in the global scenario than it was years ago, so looking at the growth rate only may be misleading.
"In terms of absorption of goods and maybe even services, China is a more relevant player now than it was in the beginning of the 2000s," he said.
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Interview: Chinese premier upbeat about China's economy at Davos: Brazilian experts
RIO DE JANEIRO, Sept. 14 (Xinhua) -- Chinese Premier Li Keqiang's remarks at the 2015 Summer Davos Forum last week sent a positive message about China's economy, leading Brazilian experts have said.
Severino Cabral, director of the Brazilian Institute for China and Asia-Pacific Studies, underscored Li's comments on the Chinese economy's stable growth, the unlikely scenario of a hard landing and the continuous progress in structural reforms.
Those remarks, he said, largely served to counter current negative views of the Chinese economy, relieving fears of an economic downturn in the world's second-largest economy.Full Story
China Voice: Premier Li's Summer Davos Speech dispels "hard landing" concerns
BEIJING, Sept. 13 (Xinhua) -- Chinese Premier Li Keqiang was not delivering empty promises when he said China is not headed for a "hard landing" during the Summer Davos forum.
"We will be fully capable of dealing with the situation if signs indicate that the economy is sliding out of the reasonable range," Li said.
Admittedly, the broader economy is facing short-term fluctuations triggered by domestic restructuring and global volatility. However, it does not necessarily mean China is facing systemic risks serious enough to spread worldwide.Full Story
