国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

'Lehman moment' unlikely in China, according to former Fed head

By Emma Dai and Oswald Chan (China Daily) Updated: 2015-06-03 09:16

'Lehman moment' unlikely in China, according to former Fed head

Ben Bernanke, former chairman of the United States Federal Reserve. [Photo/Agencies]

"The main task for China in the next decade would be the transformation of the growth model. It is still in the very early stage, but the Chinese have shown great capability to make such transitions," Ben Bernanke, former chairman of the United States Federal Reserve, said at the World Business Forum in Hong Kong on Tuesday.

The two-day forum, the first ever WBF to be held in the special administrative region, saw a stellar lineup of speakers from around the globe addressing the 1,200-odd delegates at the Hong Kong Convention and Exhibition Center.

"The current slowdown in growth is not the result of fiscal or monetary policies, but economic transformation. It is the right thing to do," Bernanke said, while noting the need for diversification into service sectors. "Deregulation is necessary to encourage the private sector to initiate all the changes."

Bernanke also said that the Chinese government is facing a lot of challenges, including the quality of bank loans, shadow banking concerns and property market fluctuations. However, "a Lehman moment" is not likely in China. "The government is pretty much aware of the risks and has got all the resources to tackle the problems as they emerge," Bernanke said.

Another key speaker at the event was renowned management strategist Tom Peters, who emphasized the need for global businesses to innovate, be willing to take risks and engage customers.

Firms should never be afraid of making mistakes, he said. Whoever makes the most mistakes wins and that is the paradox of innovation.

"Companies that do not continue to experiment-companies that do not embrace failure-eventually get into a desperate position," said Peters, dubbed an "uber-guru" by The Economist and co-author of the seminal book on management In Search of Excellence (1982).

"Success can only be achieved through repeated failure and introspection. In business, you reward people for taking risks because they are willing to try new things," he said.

The "gift of failure" was also the theme for Sarah Lewis, noted art historian and curator, and faculty member at the Yale University School of Art.

Lewis spoke to the WBF audience about the creative thrust behind each failure, and the difference between success and mastery, where success is a one-time event while mastery involves consistent excellence.

Apple co-founder Steve Wozniak, on the other hand, spoke of the fear of being overtaken by artificial intelligence, where people become too lazy to use their brains and are little more than the "family pet" needing constant attention.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
班戈县| 定兴县| 札达县| 巧家县| 沂源县| 温宿县| 商水县| 乌恰县| 濉溪县| 沁水县| 麻城市| 吉木萨尔县| 土默特右旗| 平利县| 本溪市| 阿坝县| 内丘县| 安庆市| 修文县| 新源县| 鄂托克旗| 延长县| 仙居县| 通山县| 宣威市| 临泉县| 吴旗县| 娱乐| 安溪县| 长宁县| 万山特区| 本溪| 徐水县| 新巴尔虎右旗| 梅州市| 隆子县| 城市| 乌兰察布市| 正阳县| 凤庆县| 景洪市|