World Economic Forum report shows that China's economic risk resistance is strong
The World Economic Forum released the "Global Risk Report 2013" on May 30, showing that the two most common global risks in the future are the growing gap between the rich and the poor and the long-term imbalance of government debt. In terms of resilience, China ranks first in combating economic risks and its environmental risk resilience is poor.
Major systemic financial crisis has the greatest impact
It is reported that the World Economic Forum has conducted an annual survey of more than 1,000 experts from global business, political, academic and civil society, and solicited opinions on 50 global risks.
According to the survey, respondents believe that the global risk with the highest probability of occurrence in the next 10 years is severe income inequality. This option ranks first for two consecutive years; and the risk that has the greatest impact once it occurs is a major systemic financial crisis. The two risks at the same time of influence and probability of occurrence are the long-term financial imbalance and the water supply crisis. The agency said that global risks will occur simultaneously in many countries, and it will spread between neighboring countries, countries with similar basic conditions or relying on the same key system.
China's economic risk resilience second
This year, for the first time in the report, we tried to use “resilience†to assess the state's readiness to respond to global risks. According to the report's assessment of 10 countries, Switzerland is considered to be the most adaptable and resilient in the face of global economic and environmental risks; China is second only to Switzerland in terms of economic risk resistance, but its environmental risk resilience is ranked. Later, it is not as good as Switzerland, Japan, the United States, Germany, etc., but higher than the three "BRIC countries" of India, Russia and Brazil.
In addition, Xue Yu, professor and president of Tsinghua University's School of Public Administration, also pointed out three major risks that China is particularly concerned about. The first is the “de-globalization†risk that has emerged in recent years. For example, the overseas market of Chinese products has been squeezed under the pressure of new trade protectionism; the development strategy of “going out†of Chinese state-owned enterprises and private enterprises has been repeatedly hampered. The other two major risks include “contagion of social risks†and “governance risksâ€.
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