Opportunity for economic growth in China lies in entrepreneurship, structural reform and new technologies

In another keynote speech, Xu Bin, professor of economics and finance at CEIBS and Wu Jinglian Chair of Economics, said that the fundamental strengths of China's economy remain sound despite temporary difficulties, and spoke highly of the efficiency derived from a highly competitive culture, entrepreneurship and pragmatism.

A positive outcome for China's economy is dependent on the vitality of China's private sector and the pragmatism of its leaders, noting that the indigenous ingenuity of Chinese companies and the country's entrepreneurial population presented reasons for enterprises to still see opportunity in the country, he said.