Soundbites

"Premier Li made a very compelling case for why China's economy is not a source of risk but a source of confidence, growth and opportunity, and an indispensable partner for global prosperity. Some of the key take-aways from Li's speech are: (1) China is very much open for business; (2) China welcomes foreign investment, particularly in sectors that will be the new drivers of economic growth; and (3) China's overseas investment will continue to grow. It is clear that a key feature of the 'new normal' for China's relations with the rest of the world is "cooperation" and "collaboration", both in China and in markets outside China, to the mutual benefit of developed countries, developing countries and China."

Vaughn Barber, global chair, KPMG Global China Practice

"The Chinese government has sufficient tools in place to ensure there is a gentle switch from investment to consumption inside the Chinese economy. So there is and will continue to be a rebalancing of the country's economy, and it will not be a hard landing. China is a net benefit to the world and a source of stability and demand in the world, not a risk to the world."