Finding the right direction

Gary Liu, executive deputy director of the CEIBS Lujiazui Institute of International Finance. [Provided to China Daily]

Gary Liu, executive deputy director of the China Europe International Business School Lujiazui Institute of International Finance, says there might be a currency effect on China if Europe were to go into recession.

"If it happens, it will hurt China's exports, although that might not be that significant for the economy as a whole because China's economy is now driven more by domestic demand than by exports," he says.