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Business / Economy

Nobel prize winners upbeat on China's innovation and growth

(Xinhua) Updated: 2016-04-15 09:14

Nobel prize winners upbeat on China's innovation and growth

The Shanghai-Nantong Yangtze Bridge under construction on the Nantong side of the river in Jiangsu province. [XU CONGJUN/FOR CHINA DAILY]
Stiglitz said that although facing a sluggish global economy, China can realize a 6.5-percent economic growth if it adopts rational economic policies and "responds quickly to the global slowdown."

He pointed out that China still lags behind developed countries in terms of productivity.

"It is important for China to close that gap. If it could close that gap, it would grow even faster than the 6.5 percent," he added.

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