Innovation champions promote China’s economy

Global Business

China’s economic outlook is taking center stage at this year’s World Economic Forum in Dalian, as China is said to be undergoing an economic transformation.

The recent collapse in the mainland’s equities markets and the devaluation of the yuan, are pressing regulators to forge ahead with far-reaching overhauls.

One task on the list is to boost innovation and entrepreneurship. CCTV’s Martina Fuchs filed this report from Beijing.

Innovation champions promote China\'s economy

China's economic outlook is taking center stage at this year's World Economic Forum in Dalian, as China is said to be undergoing an economic transformation. The recent collapse in the mainland's equities markets and the devaluation of the yuan, are pressing regulators to forge ahead with far-reaching overhauls. One task on the list is to boost innovation and entrepreneurship. CCTV's Martina Fuchs filed this report from Beijing.


Premier Li: China doesn’t want a currency war

Chinese Premier Li Keqiang said at the World Economic Forum in Dalian, China that China is not the source of global financial risks, but instead the source of engines of the world economy.

Premier Li said China addressed systemic financial risks during the recent market rout, but insisted the role of market will not be replaced by the government. He also pointed out China has no intention of boosting exports through yuan depreciation. He also said that a currency war would harm China’s economy.

CCTV’s Sean Callebs filed this report.

Premier Li: China doesn\'t want a currency war

Chinese Premier Li Keqiang said at the World Economic Forum in Dalian, China that China is not the source of global financial risks, but instead the source of engines of the world economy. Premier Li said China addressed systemic financial risks during the recent market rout, but insisted the role of market will not be replaced by the government. He also pointed out China has no intention of boosting exports through yuan depreciation. He also said that a currency war would harm China's economy. CCTV's Sean Callebs filed this report.


International machinery makers adjust for China

As the major players in China’s economy work towards an idea being called the ‘New Normal’ for China, foreign companies seem to be thinking through ways to cooperate.

Companies like Caterpillar are looking for new growth points in China’s machinery industry as well as from Chinese government’s recently announced major strategies.

CCTV’s Yang Chengxi sat down with chairman of heavy machinery maker Caterpillar to see how this global fortune 500 company is adapting to this reality.

International machinery makers adjust for China

As the major players in China’s economy work towards an idea being called the ‘New Normal’ for China, foreign companies seem to be thinking through ways to cooperate.Companies like Caterpillar are looking for new growth points in China’s machinery industry as well as from Chinese government’s recently announced major strategies.CCTV’s Yang Chengxi sat down with chairman of heavy machinery maker Caterpillar to see how this global fortune 500 company is adapting to this reality.