Banker puts timeline for reform at 5-7 years

Policy | Lu Haoting

The next five to seven years will be a crucial period for implementing the profound reforms Chinese leaders pledged more than a week ago, according to a top executive at a China-based investment company.

If the pledged reforms cannot be reached by 2020, China's mid- to long-term economic outlook will face "a big discount", said Fred Zuliu Hu, chairman of Primavera Capital Group.