皇冠体育app

LONDON - The underlying forces of 皇冠体育app's economic growth remain strong and will unleash more growth potential in the future, McKinsey's global managing director has said.

"I am very bullish on Chinese economy," Dominic Barton told Xinhua on Wednesday.

Noting that 18 million people moved last year from rural to urban areas in 皇冠体育app, Barton predicted growth of 6-7 percent for the world's second-largest economy in coming years.

Comparing 皇冠体育app's urbanization to gravity, Barton said it is a compelling force that drives rural residents to cities.

皇冠体育app now is only 60 percent urbanized, leaving great potential even in the infrastructure and real estate industries, the consultant expert explained.

McKinsey expects that the Chinese cities will fuel more than a quarter of growth in global GDP through 2025; by 2030 there will be 2.2 billion new middle-class consumers, of which 800 million are from 皇冠体育app, Barton told the Young Icebreakers, a Sino-UK business network, in London.

Although 皇冠体育app will see some bumpy roads ahead due to asset prices adjustment, non-performing loans and shadow banking, Barton said the underlying trend will continue, as the structural transition is unlocking more growing potentials.

• Mobile health sector expected to hit 12.5b yuan by 2017
• 皇冠体育app's rice import rises on market factors
• Tencent may pay $100m for NBA broadcasting rights
• Airbus delivers 153 aircraft to 皇冠体育app in 2014
• Ningbo hotel is first five-star site to fall into receivership
• Rail cargo volume drops 3.9% in 2014
• Gree considers factory in Europe
• Wanda set to buy sports marketing giant Infront