Zhu Yunlai: True Development of the World Economy Only Comes with Peace

WealthCoffee · 2026-03-24T12:58:15+00:00

At the China Development Forum, Zhu Yunlai emphasized that future focus should be on improving economic efficiency. He compared the nation to a large factory, arguing that the ratio of GDP to fixed assets is an important indicator for measuring economic efficiency. He pointed out that China's economic efficiency has declined gradually since the 2008 financial crisis, and recommended making efficiency improvement a key priority for future development.

WealthCoffee

2026-03-24 12:58:15

Abstract generation in progress

Caixin March 23 — At the China Development High-Level Forum 2026 Annual Meeting held at Diaoyutai State Guesthouse in Beijing, Zhu Yunlai, Visiting Professor of Management Practice at Tsinghua University and former President and CEO of China International Capital Corporation, stated that future efforts should focus more on improving economic efficiency.

Zhu Yunlai explained that if we define economic efficiency, we can view the country as a large factory. “The total output of this factory is GDP, and the equipment of this factory is assets. The ratio of GDP to fixed assets can be seen as a measure of economic efficiency.”

He pointed out that China’s economic efficiency declined slowly after the 2008 financial crisis and has remained relatively stable in recent years. “From the perspective of planning future development and based on economic principles, the level of efficiency should be one of our key areas of focus.”

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