Priorities for China at Day One of the Asian Financial Forum

End of day one at the Asian Financial Forum and the highlight was a very open and frank address from Professor Cheng Siwei who outlined China's key imperatives and priorities:

  • Promote domestic consumption (more income and jobs)
  • Develop the green economy (less carbon, more recycling and a RMB 5 trillion investment in the eco-economy)
  • Opening up the economy (improve the trade balance, reform the exchange rate system and promote free trade)
  • Reforming the education system ("The economy can guarantee today, science and technology can guarantee tomorrow, but the education system can guarntee the day after tomorrow!")

These are not just words from an ambitious low ranking official. Professor Cheng was the Vice Chairman of the Standing Committee of the National People's Congress of China from 1998 - 2008. His words carry great weight and influence. A concise and simple summary of China's key priorities, creating real opportunities for everyone who was listening!