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HSBC Global Viewpoint: Banking and Markets
The Macro Brief – Two big themes at the HSBC Global Investment Summit
Apr 12, 2024
Jing Liu and Mark McDonald discuss China's economic growth, the impact of AI on productivity, generative AI in healthcare, and Hong Kong's role as a technology super-connector at the HSBC Global Investment Summit.
07:15
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- China's economic optimism at HSBC Global Investment Summit, AI's potential impact on productivity highlighted
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Optimism Surrounding Mainland China's Economic Outlook
During the conference, there was a sense of optimism regarding mainland China's economic outlook. Per capita consumption in China has surpassed pre-pandemic levels, indicating positive growth. The focus on consumption as a driver of growth, with last year's consumption contributing significantly to economic expansion, was highlighted. Despite discussions on the global economy and de-globalization, China's sheer size and continued growth position it as a key player in the global economy.
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