China must rely on innovation-driven technological growth to achieve high-quality development, Shusong Ba, managing director and chief China economist at Hong Kong Exchange & Clearing (HKEX), said during the London Metal Exchange Asia 2021 Metals Seminar on Tuesday May 25.
During his speech, Ba pointed out that although China's gross domestic product (GDP) in the first quarter of 2021 increased by 18.3% year-on-year, the significant economic growth reflected the trough of the previous year amid the Covid-19 pandemic."China's GDP growth rate will fall back to its original...