Australian China Trade Fair holds Global Economic Outlook forum

Sydney, August 22 (People's Daily) - The Australia China Economic, Trade and Cultural Exchange Promotion Association (CIFTIS) held a forum on "Global Economic Outlook" in Sydney on August 21, attracting nearly 30 corporate executives, economists and investors to attend the event.

The Australian Chinese Economic, Trade and Cultural Exchange Promotion Association holds the "Global Economic Outlook" forum

The forum invites Sang Aimin, Deputy General Manager of China Construction Bank Sydney Branch, to be the keynote speaker. In his speech, Sang Aimin analyzed the current global economic situation, particularly elaborating on the economic development status of Australia and China, and provided a forward-looking analysis of future economic development trends from a professional perspective.
Sang Aimin pointed out that the global economic cycle in 2024 will enter a downward phase, with GDP declining and inflation levels falling slightly. The global manufacturing industry has performed poorly, while the service industry is doing well but also showing a downward trend. The prices of commodities such as natural gas, metals, and grain have fallen slightly. Global trade is steadily growing, and the application of artificial intelligence may help significantly improve productivity. In addition, multiple countries have entered a cycle of interest rate cuts.

Forum invites Sang Aimin, Deputy General Manager of China Construction Bank Sydney Branch, to be the keynote speaker

Sang Aimin analyzed the growth of the Australian economy in this context and pointed out that the current contribution of Australian economic growth mainly relies on government spending, exports, and consumption. He also provided a detailed explanation of Australia's investment environment, productivity, and real estate market dynamics. When talking about the economic situation in China, Sang Aimin said that China is expected to achieve a GDP growth target of 5% by 2024, with stable industrial production, stable export value, and continuously optimized export structure.
During the interactive questioning session, on-site guests actively participated in discussions and had in-depth exchanges on global economic trends, investment opportunities, and challenges. Some participants expressed that this forum has deepened their understanding of the global economy, which will help them make strategic adjustments and innovate in their respective fields, thus achieving more stable development in the current global economic environment.

Zeng Yi, Executive Chairman of the China Chamber of Commerce, delivered a speech at the forum

Zeng Yi, Executive Chairman of the China Chamber of Commerce, stated that this forum invites industry elites and economists to analyze global economic trends from a professional perspective. This is not only a great opportunity to understand the current global economic situation and financial dynamics, but also provides valuable insights for the development and research work of enterprises.