World Insights | UAE economist: China's economic reforms successful, market potential endless

Since the reform and opening up, China's economic development has gradually evolved towards internationalization, modernization, and high-quality development, creating promising results. The economic "powerhouses" of Europe and the US, however, have recently encountered a rare crisis. The US is currently facing an inflationary dilemma, and the persistence of the COVID pandemic has caused the world economy to suffer a considerable impact. In the face of the challenges ahead, the 20th Communist Party Congress sent a clear signal to the world that China's door of opening will only get wider in a time of protectionism and counter-globalization.

Ebrahim Hashem, who is a macroeconomics scholar and a former strategy adviser to the chairman of the Abu Dhabi Executive Office, analyzed the achievements of China's economy along the way, explained China's economic development model, and pointed out the specific problems of the world's major economies.

What are the current economic problems in Europe and the US? What makes China's economic development successful? What is the future potential of the Chinese economy in the face of the new situation? Watch the video for more information.