Xi's B20 speech impresses Boston consultant

Representatives from Boston Consulting Group attended the Business 20 (B20) Summit in Hangzhou and listened to President Xi's speech at Saturday's opening ceremony.

David He, a partner in the Boston Consulting Group, says: "President Xi's speech conveyed three key messages: First, the speech concluded China's success in the last three decades, which was built on innovation, openness, hard work and sharing; this spirit will continue to pay off in the next three decades.

Second, the speech reinforced confidence in the Chinese economy. Lack of confidence has resulted in many issues, but through our persistence in innovation, coordination, greenness, openness and sharing, the confidence can be restored.

Third, the speech reflected China's sense of responsibility in the global economy. President Xi has proposed innovation, openness, connectedness and inclusiveness as the key words for the global economy in the hope that this Chinese wisdom can also benefit the world.

In addition, I was most impressed by President Xi's determination on deepening the supply side structural reform, to better coordinate between market and government, and to truly foster innovation."