Interview: China's resilience keeps global investors optimistic, says Standard Chartered Bank official

by Xinhua writer Xia Xiao

DUBAI, Nov. 3 (Xinhua) -- China's economic resilience and rapid transformation into a high-tech powerhouse continue to inspire optimism among affluent investors, said Raymond Ang, global head of private banking and affluent clients at Standard Chartered.

In a recent interview with Xinhua during his visit to Dubai, the United Arab Emirates (UAE), for a global gathering of the bank's private bank clients -- each with assets under management exceeding 10 million U.S. dollars -- Ang said those well-informed investors, particularly from Asia, are maintaining a positive outlook on China's long-term growth prospects.

"China has been very, very resilient. I think overall, everything in China is in a very good position," Ang said.

According to Ang, Standard Chartered's private banking and affluent clients, typically with more than 5 million dollars in investable assets, have closely followed China's transformation from a manufacturing-driven economy to one led by technology, artificial intelligence (AI), and advanced machinery.

Many clients have recognized that China's technology ecosystem is very strong, he said. "Its AI infrastructure has advanced rapidly, with developments such as DeepSeek showcasing the country's innovative capabilities."

Ang highlighted that despite trade tariffs, China's net exports remain positive this year, with increased shipments to Southeast Asia and other emerging markets.

Ang added that China's large population, exceptional mathematical talent, and vast data resources position it well to lead in AI adoption.

"China's strength lies in how quickly it adopts new technologies," he pointed out. "With such a large consumer base and rich data resources, the AI sector will be a big winner. The consumer market will likely benefit the most."

Recalling a recent visit to eastern Hangzhou City, a hub of China's internet economy, Ang said he was impressed by the city's vibrant startup scene and ongoing innovation, while expressing his hope for increased access to the Chinese market. ■