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Economists, bankers react to Premier Li’s speech

Following Premier Li Keqiang’s keynote speech at the World Economic Forum, CCTV gauged the reaction of economic professionals who listened to his speech in Davos.

“It is also satisfying to hear that China will grow, will continue to grow ... China’s growth and impact to the world is also very important. We are quite happy to hear his speech,” said Abudul Aziz Al Ghurair, CEO of Mashreq Bank.

“It’s enormously impressive speech. He covered a huge area, very brilliantly, very concisely. I think, for me, enormously exciting is his re-emphasis of turning China into an innovative nation ... I think this is a very powerful image,” said Edmund S. Phelps, winner of the 2006 Nobel Prize for Economic Sciences.

Nariman Behravesh, Chief economist of IHS Consultancy said, “I’m very impressed by the fact that this administration, the current leadership in China seems very clear about the reforms ... very clear, very detail, very focused, and I think all of this is very good.”