Deloitte China CEO Liu Minghua: In recent years, China has made significant progress in scientific and technological innovation and open cooperation, becoming a "new driving force" for global economic growth and a "stabilizing anchor" for the world economy.

The CEO of Deloitte China, Liu Minghua, stated in an interview with Xinhua News Agency that in recent years, China has made significant progress in technology innovation and open cooperation, becoming a "new driver" of global economic growth and a "stability anchor" of the world economy. Liu Minghua will attend the World Economic Forum Annual Meeting in Davos, Switzerland in 2026. She pointed out that Deloitte has observed multiple risks and challenges facing the global economy, such as weakening long-term growth momentum, frequent geopolitical conflicts, rising trade frictions and protectionism, and the long-term return on investment in artificial intelligence is still to be tested. "There are entrenched hotspots that are difficult to break, and new conflict points and risks are emerging." Speaking about the global trade situation, Liu Minghua cited a report from the World Trade Organization indicating that policy uncertainty is becoming a key indicator of deteriorating global trade environment, with the imposition of tariffs by the United States being one of the key factors leading to this uncertainty. "Looking ahead to 2026, global trade may see a slowdown in growth, deepening regionalization, and increasing fragmentation." She said. When discussing China's economic performance, Liu Minghua said that achieving a 5% growth rate in 2025 is "quite difficult" against the backdrop of lackluster global economic growth. She mentioned that 2026 is the beginning of China's "15th Five-Year Plan," and promoting the upgrading of the modern industrial system will be a key direction for economic transformation, emphasizing the importance of adhering to innovation-driven development and nurturing new drivers of growth. She emphasized that China's high-quality development driven by innovation is injecting new momentum into global economic growth. She believes that China's deep integration of technological innovation and industrial innovation is rapidly creating substantial commercial value in areas such as artificial intelligence, biomanufacturing, commercial aerospace, and low-orbit economy. China's innovation capabilities are increasingly recognized internationally, and more multinational companies are incorporating China into their global core research and development systems.