Both domestic and overseas young Chinese entrepreneurs are
welcome to tap the potential of the nation's fast economic growth,
officials and business leaders said on Saturday at the first Global
Young Chinese Business Leaders Forum in Beijing.
Assistant Minister of Commerce Fu Ziying said at the two-day
forum that as the country's gross domestic product is estimated to
quadruple in the first 20 years of this century, its development
requires the effort of young business leaders, who will in turn
benefit from the country's development.
China's imports are expected to reach US$1 trillion in 2020,
providing substantial opportunities to overseas Chinese enterprises
to develop business.
Fu said the nation's foreign trade is estimated to have topped
US$1.1 trillion in 2004.
Peking University economist
Lin Yifu predicted that the Chinese economy would maintain an
annual average growth rate of 8 to 10 percent for the next 20 to 30
years.
By 2030, 100 Chinese companies could be among the 500 largest
businesses in the world, according to Lin.
Cao Yushu, deputy secretary-general and spokesman of the
National Development and Reform Commission, said the country's
stable economic growth and improving economic structure will
provide opportunities for young Chinese business leaders.
He noted that investments in 2004 grew more than 25 percent
year-on-year and predicted the momentum will continue this
year.
Cao pointed out that the agriculture, major industrial machinery
manufacturing and services sectors are all in need of investment
from young business people.
(China Daily January 10, 2005)