“AI has the potential to unleash a lot of benefit and augment what people do,” Milton Cheng, global chair of leading law firm Baker Mackenzie told CGTN at Davos #davos2024 #wef
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00:00 It is still second largest economy in the world,
00:05 incredible consumer base that is not only,
00:09 historically has been helping with manufacturing
00:13 for the whole world,
00:13 it's driving consumer,
00:16 driving consumption with a growing middle class.
00:18 So that's going to be important.
00:20 Yes, there are some structural issues
00:22 that the Chinese government is taking action
00:25 to stabilize or to address.
00:28 But when you look at some of the areas
00:31 that they are recalibrating towards,
00:35 whether it's in moving away from infrastructure
00:36 and real estate to high tech,
00:39 to the green economy,
00:42 to pharmaceuticals or health care
00:46 and life sciences generally,
00:48 those are areas that are going to be driving
00:50 global growth in many respects.