United States President Donald Trump and Chinese President Xi Jinping talk as they leave a bilateral meeting on Oct. 30 at Gimhae International Airport, on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit, in Busan, South Korea. (Reuters/Evelyn Hockstein)
For China to support high quality growth would require it to deepen long-term pension, insurance and private equity funds that can produce patient capital to absorb high-risk projects and investments.
C hinese President Xi Jinping's speech at the Fourth Plenum in Beijing last month outlined the guidelines for the upcoming 15th Five-Year Plan (2026-2030). There was clear determination to focus on technological self-reliance, building a “high quality productive forces” economic model based on innovation and a strong industrial base that would be resilient against external threats and headwinds.
At the Beijing Finance Street Forum at the end of October, Vice Premier He Lifeng stressed the need for China's financial system to advance risk prevention, strengthen regulation, promote high-quality development and push for high-standard opening-up.
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