ancing needs, sustainable development and debt sustainability, according to Finance Minister Liu Kun.
“We will build a high-standard and high-quality financing system to s
upport long-term and sustainable BRI investment while preventing debt risks,” Liu said.
He suggested promoting financing cooperation for projects in
third-party countries, equity investment and attracting more private funding.
Enhancing debt and risk management is a key consideration for deepening BRI financi
ng cooperation, said Yi Gang, governor of the People’s Bank of China, the central bank.
“The debt issue in developing countries should be treated objective
ly. If debt growth is accompanied by infrastructure improvement, enhancement of people’s liveliho
ods and productivity and poverty reduction, it will be beneficial for the sustainability of long-term debt,” Yi said.
has made tremendous economic achievements, and they have enjoyed affluent material conditions since childho
od. So they set higher standards for life and ask for better quality and unique experiences,” Tang said.
“Compared with the older generation, they are more willing to pay for conveni
ence, entertainment, mental stimulation, companionship and education that will benefit their future careers.”
George Ren, a senior partner with global consultancy Roland Berger, said many companies have star
ted to respond to this demographic shift in recent years, as they have seen great potential in the singles’ economy.
“They have made products of smaller size, in smaller packages or with more divided functions. They have also deve
loped unique and personalized services to cater to the diversified demands from single people,” he said.