China's faltering economy in focus of WEF Tianjin meeting
"Even if we only walk, we are faster than others," says Sun as he laughs mischievously. He is using the run-walk imagery to describe the state of the Chinese economy compared to its competitors.
The businessman had been doing well selling real estate in China.
Still, he doesn't want to see his full name published because his business is currently not doing well. There are vacant properties all over, and many apartments are just too expensive.
What about the future, what's next? Sun shrugs, suggesting that everything will turn out fine. The salesman in his fifties is hoping for some signs of innovation from the government.
Chinese Prime Minister Li Qiang is as optimistic as ever.
He is speaking at the "Summer Davos 2025" conference in Tianjin, organized by the Switzerland-based World Economic Forum (WEF) and officially called the Annual Meeting of the New Champions.
Around 1,700 participants from all over the world have traveled to the northern Chinese city and are listening with hope.
China reported economic growth of 5.5% in the first quarter of this year. The second quarter........
© Deutsche Welle
