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Business / Economy

China's economy transitioning not derailing: Davos experts

(Xinhua) Updated: 2016-01-22 08:21

China's economy transitioning not derailing: Davos experts

Zhang Xin, chief executive officer and co-founder, SOHO China attends the session 'Where Is the Chinese Economy Heading?' of the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland January 21, 2016.[Photo/Agencies]
"There is a complete decoupling of the stock market from the real economy," said Zhang Xin, Chief Executive Officer and Co-Founder of SOHO China.

She argued that, in real estate sector in China, property leasing is very strong and real asset values are rising even as listed real estate companies trade at huge discounts in the public markets.

Despite criticism, China is making strong progress: domestic consumption has grown from 49 percent of GDP five years ago to 52.5 percent now.

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