The report on the Chinese economy has been published by the think tanks of five countries


An international conference was held on March 31 to present the report “China’s Compound Interest, High-Quality Development and Prospects for 2035”, a work resulting from cooperation between think tanks from five countries. The event was sponsored by Renmin University of China and organized by its Chongyang Institute for Financial Studies, in collaboration with the US-China Cooperation Center of the University of Denver, the Free Economic Society of Russia, the Geopolitical Studies Group and Economics of the University of Manitoba in Canada, and the India-China Economic and Cultural Promotion Association.

The meeting was attended by around twenty experts and scholars from China, the United States, Russia, the United Kingdom, Canada, Brazil, India and other countries, as well as representatives of embassies and consulates of more than ten foreign countries in China, gathered at the Renmin University of China to discuss the country’s economic development prospects.

The report, titled “China’s Compound Interest, High-Quality Development and Prospects for 2035”, selectively presents China’s high-quality development achievements in recent years, especially in the past year, in five major areas: new people’s livelihoods, new consumption, new manufacturing, new infrastructure and new services. Wang Wen, executive director of the Chongyang Institute for Financial Studies of Renmin University of China, said that the report proposed the concept of “China’s compound interest” for the first time, specifying that the development dynamism of Chinese-style modernization manifests itself as “compound interests” in the areas of innovation, in-depth reforms, openness to the outside world and sustainable development.

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