Despite persistent challenges, such as low domestic demand and household consumption, China's economy has been buoyed by strong exports and private sector activity, hitting its 5% growth rate target in 2024 and aiming for similar levels of growth this year.

To what extent can a shift to a technology-led model yield new growth as global volatility threatens exports?

This is the full audio from a session at the AMNC25 in Tianjin, China on 26 June, 2025. 

Watch it here: https://www.weforum.org/meetings/annual-meeting-of-the-new-champions-2025/sessions/chinas-economy-analysed/

Catch up on all the action from AMNC25 at wef.ch/amnc25 and across social media using the hashtag #AMNC25.

This session was developed in collaboration with China Global Television Network (CGTN).

Speakers:

Joseph Luc Ngai, Chairman, Greater China, McKinsey & Company

Ilham Kadri, Chief Executive Officer of the Executive Committee, Syensqo