Gov't plays more vital role for booming Internet economy: scholar - Xinhua

Li Daokui (Xinhuanet Photos)

BEIJING, Dec. 18 (Xinhuanet) -- Government plays a more vital role for current booming Internet economy in China, said Li Daokui, professor of Tsinghua University at Xinhuanet Thinker cross-border meeting on China’s economic new normal Wednesday.

Profound and complete economic restructurings are the basic factors for current new normal economy, as China’s economy shifts gear from the previous high to a medium-to-high growth, he said.

Besides, from an international perspective, China need also harbor brand new images of not only participant but also leader of global economy, Li added.

This meeting was held at Xinhuanet headquarters, presided over by Xinhuanet CEO Tian Shubin. Thinker’s 4.0 version was also launched.

Thinker is a Xinhuanet-operated social media platform aiming to build China’s high standard think tank and an online platform for idea spreading.

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Xi made the remarks during an inspection tour in eastern Jiangsu Province where he visited scientific research institutions, enterprises, countryside and farmers' houses.

At Jiangsu Industrial Technology Research Institute in Nanjing, capital city of Jiangsu, Xi said China must rely on innovation to achieve continuous and healthy economy development. Full story

Leading economists uphold China's "new normal"

BEIJING, Nov. 30 (Xinhua) -- Li Yining and Wu Jinglian, two Chinese economists, said the economic "new normal" is a more proper development method for the world's second largest economy.

"China should bid farewell to excessively fast expansion with annual growth around 10 percent," Li said at a forum about China's economic future on Saturday, "Such improper speed can not be sustained." Full story

HSBC chief economist says China increasingly leading world economy

LONDON, Dec. 20 (Xinhua) -- HSBC Bank chief economist Stephen King said the world is moving away from an "old world" dominated by Europe, the U.S. and Japan, and to a "new world" led by China.

King said the world economy is increasingly led by China, and countries raising their exposure to China have outperformed those with low exposure to China, in his latest report "The Great Rotation" obtained by Xinhua on Thursday. Full story