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MNI BRIEF: Summer Davos Theme Aligns With China’s Challenges

MNI (BEIJING)
MNI (Beijing)

The World Economic Forum summer summit in China will focus on entrepreneurship, green energy and climate change, according to Chen Liming, chief representative officer, Greater China at the World Economic Forum.

Speaking at the launch press conference for the event on Tuesday, Chen said China needed entrepreneurs to play an important role in the economic recovery, currently challenged by weak demand and low confidence. Entrepreneurs needed to “be brave and take risks”, he said. China still relied on its private business class to create social value and drive future economic growth, he added.

China lowered its loan prime rate 10bp today to help boost the economy (see: MNI BRIEF: China Loan Prime Rate Cut 10bps To Boost Economy - Bonds & Currency News | Market News).
MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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