2019: Fairly Good Outlook

Mar 08-2019   

The supply-side reform that China has undertaken over the last few years has achieved good results in terms of removing excessive production capacity, de-stocking and deleveraging, and the implementation of the two tasks of “reducing costs and making up shortfall” will move industries upwards along value chains, greatly gear up growth momentum and enhance economic growth quality, says NSD Honorary Dean and Professor Justin Lin in an exclusive interview with Guang Ming Daily. He also points out that China faces three major challenges: changing conditions for development as it becomes a middle-upper income country, obstacles orchestrated by western countries to contain China’s rise, and back-pedaling of globalization among developed countries. In 1994, Prof. Lin jointly founded NSD, which has since grown into a leading think tank and top business school. In 2008 he was appointed senior vice president and chief economist of the World Bank and in 2018 he was awarded Reform Pioneer by the Central Committee of CCP and the State Council. “As long as the nation’s resurrection is not completed, our mission remains unfulfilled; As long as there are still poor people in the world, we ourselves remain in poverty,” such is the motto that he personally follows and keenly shares with the students at NSD.