The Chinese economy is poised to make significant contributions to the global economy in the long run, due to its substantial size and robust growth, said Chetan Ahya, chief Asia economist at Morgan Stanley, in a recent interview with China Global Television Network in Beijing.
The economist first commended the Chinese government's recent policy stimulus measures, saying they have boosted market confidence.
"If I were to sort of summarize, I think the actions taken have worked on trying to boost the market sentiment, which would help the private sector's confidence in the economy," he said.
At the Financial Street Forum, which is currently underway in the Chinese capital, China’s central bank governor Pan Gongsheng emphasized the importance of finding a dynamic balance in the Chinese economy, particularly the right mix between investment and consumption.
He noted previously that China had focused more on investment when stimulating the economy, but now there needs to be a balanced emphasis on both investment and consumption.
During the interview, Ahya emphasized the need for China to balance investment and consumption, noting that while investment boosts productivity, it's time to focus more on raising consumption.
"We think China can achieve a balance between investment and consumption. You know you have to ensure that investment still continues because China's demographics are such that it does need to boost productivity with investment. But we also think that the time has come when consumption needs to be lifted. And we think that the way the government can do this next step is by increasing spending on social security- related areas, so particularly healthcare, education, and housing, which can then, in turn, be directed towards migrant workers," he said.
Ahya expressed confidence in the medium-term prospects of the Chinese economy, citing its large size and stable growth rate.
"I think China will still continue in the medium term to be accounting for anywhere between 25 to 30 percent of global growth because, as you know, the size of the economy is pretty big, and we expect its growth rate to be in the range that ensures that kind of share in global growth," said the expert.
Chinese economy poised to shape global economy in long term: economist
The Beijing Stock Exchange (BSE) has seen a significant expansion of its investor base, with the total number of qualified investors exceeding 10 million as of Jan 20, indicating the bourse's rising vitality and appeal.
This represents a net increase of almost 2 million accounts on the third-born of China's A-share market compared to the same period last year.
This figure marks the highest number of qualified investors since the establishment of the BSE in 2021, doubling from 4 million at its inception. In just the past five months alone, the number surged from 9 million to more than 10 million.
Experts say that the rapid growth of the investor base is attributed to the robust performance of the bourse's new share market.
Since the beginning of 2026, the frozen funds for new share subscriptions on the BSE has exceeded 1 trillion yuan (about 143.85 billion U.S. dollars), reflecting sustained high investor enthusiasm for entering the market.
"The scale of 10 million investors is a key indicator of the maturity of the Beijing Stock Exchange's market ecosystem. The impressive performance of the new stock market has validated the investment value of BSE-listed companies, attracting incremental capital inflows. And the expansion of market size and growth in investor numbers form a virtuous cycle, providing more sufficient capital support for innovation-oriented small and medium-sized enterprises," said Lu Zhe, chief economist at the Soochow Securities.
The total market capitalization of the BSE has approached to 1 trillion yuan. Data shows that the number of companies listed on the bourse has reached 290, with a total value of 949.571 billion yuan (about 136.59 billion U.S. dollars).
Meanwhile, the BSE has demonstrated strong market resilience, with the Beijing Stock Exchange 50 Index up by around 50 percent cumulatively in 2025. The benchmark index includes 50 stocks considered to be representative of the market, providing a tool to monitor the overall performance of the bourse.
Since the opening of the BSE, over 90 percent of the listed companies have cumulatively distributed 19.86 billion yuan (about 2.86 billion U.S. dollars) in cash dividends, with 16 companies having paid out dividends exceeding their total amount of funds raised through listing.
The 2025 third-quarter report shows that the average revenue of 279 BSE-listed companies stood at 520 million yuan (about 74.8 million U.S. dollars), an increase of 5.99 percent year-on-year. Their average net profit was almost 32.99 million yuan (about 4.74 million U.S. dollars).
Five companies included in the Beijing Stock Exchange 50 Index, as well as eight companies not included, have disclosed their equity distribution plans, with the combined cash distribution amounting to 358 million yuan (about 51.5 million U.S. dollars).
Beijing Stock Exchange sees record number of qualified investors
