The housing bubble collapse is reaching its end, with economic recovery expected within approximately 12 months. This collapse is generally positive for the broader economy as it represents a correction of unsustainable market conditions.
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Private sector to drive 'Invented in China'Indiziert:
China's private enterprises have demonstrated remarkable efficiency and innovation, with many research-stage breakthroughs expected to emerge in product form over the next decade, Liu Jin, director of Investment Research Department at Cheung Kong Graduate School of Business told CGTN.
I think I'm optimistic for several reasons. So, you you see the whole the the policy orientation [music] towards encouraging private private business to do better in China. Second thing is that I think the the housing bubble collapse. I think [music] it's we're probably reaching the end of it.
Uh maybe another uh 12 months and uh we can [music] probably get out of it. So, that's that's a general generally, you know, good for the economy. And the third thing is that I think the Chinese uh private enterprises has demonstrated a great efficiency, really innovation, uh and you know, sort of I think they can continue to do better better in the future. Uh I have done a study [music] that uh look at the all the uh Chinese innovation and I was amazed by how fast the progress has been. And uh a lot of that innovation still currently is in uh in a research form and I think uh in the next 5 to 10 years uh many of those are going to be show up in a product form form. [music] So, so I have a great uh you know, optimism in terms of uh uh you know, the Chinese you know, private companies [music] do well in the future.
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