China in Transition
China: An Economy in Transition
China has achieved extraordinary economic growth in the last several decades. Now, China’s long-term future requires an ambitious restructuring of its economy, emphasizing domestic consumption over government investment. In advance of President Xi Jinping’s September 23-26 US state visit, senior leaders from Goldman Sachs discuss why China’s economic transformation is necessary, the potential challenges to the transition, and the country’s evolving role as a global economic superpower.
Lloyd Blankfein, chairman and CEO, Goldman Sachs
Mark Schwartz, chairman, Goldman Sachs Asia Pacific
Robert Zoellick, chairman, Goldman Sachs International Advisors
Jiming Ha, vice chairman and chief investment strategist, Private Wealth Management China