China’s economic transformation must change its relationship with the world, says World Bank President David Malpass New Atlanticist by Katherine Walla
World Bank President David Malpass in Beijing, China November 21, 2019. REUTERS/Florence Lo
China’s fourteenth five-year plan has set its aims high: achieving a majority middle-class country, through income redistribution, reducing economic inequality, and property reform and ownership. But China’s drive to reform its economy “means that China needs to also then have a different relationship with the rest of the world,” according to World Bank President David Malpass.
Malpass shared his insights with Zhu Min, chairman of the National Institute of Financial Research of Tsinghua University, Tom Orlik, chief economist at Bloomberg Economics, and moderator Eunice Yoon, CNBC Beijing’s Bureau Chief at a December 9 event hosted by the Atlantic Council’s GeoEconomics Center and the Paulson