Focus on China's role in global economy
Robert Kagiri, a leading economist at the Africa Policy Institute
A1 China is on track with its reforms as it continues with its supply-side structural reform. In order to push forward in this direction, it will need to redefine and transform the role of the government in resource allocation. There is also a need to control and rein in debt levels and stabilize its currency.
A2 China will continue to be a key driver of the world economy. However, its economic restructuring and economic slowdown will marginally reduce that role, though it shall continue to be the key driver of global growth for at least the next five years. Its economic restructuring and expected growth slowdown this year will therefore not shake that leadership role.
A3 China's growth prospects will continue to be positive this year. For China to maintain stable growth while accelerating reform, it will need to improve quality standards and innovations that are responsive to market needs. This involves upgrading its traditional industries to the highest global standards and development of a modern competitive service sector.
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