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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

Gary D. Cohn, president and chief operating officer, Goldman Sachs 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]
"It is a difficult transition for any country, let alone during the digital era and with the lack of market liquidity in the post-crisis world," said Gary D. Cohn, president and chief operating officer of Goldman Sachs, USA.

"The shift from a capex to an opex economy means that the government has less control of economic growth," he added.

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