Chief Economist of Sunshine Insurance Group, Qiu Xiaohua: The new economy will influence and lead the future development of China.

On November 19, the 19th Shenzhen International Financial Expo opened, and the "2025 China Financial Institutions Annual Meeting and China Banking Annual Meeting" was held simultaneously. Qiu Xiaohua, Chief Economist of Sunshine Insurance Group, stated in his keynote speech that from a long-term perspective, China has caught up with the new wave of technological revolution, and is on par with the world, the future is definitely optimistic. In this regard, he analyzed from three aspects: First, from the perspective of China's own economic cycle, factors such as real estate that have affected the domestic economy are weakening, while new driving forces such as artificial intelligence are strengthening the progress of the Chinese economy. In addition, the momentum of deepening reform and opening up is still being released. China's economic difficulties are approaching the end stage. Second, from the perspective of the overall cycle, a new wave of technological revolution represented by artificial intelligence and biomedicine is advancing rapidly. In the first three technological revolutions and industrial revolutions, China was a bystander, but in this current technological revolution and industrial revolution, China is a participant and a leader. The new economy will shape and dominate the future development of China. Third, from the perspective of a century-long cycle, it is most important to do our own thing well. It can be foreseen that in the future global changes, whoever makes themselves stronger, solves their problems better, and improves their competitiveness faster will have a brighter future.