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China’s economic miracle not over: Singapore diplomat Tommy Koh

“I don’t think the Chinese economic miracle is over,” he said in a speech on Tuesday delivered on his behalf by Chan Heng Chee, ambassador-at-large at Singapore’s foreign affairs ministry, as Koh was ill.

His views were aired at the UOB Global Markets Economic Forum 2025 in the city state.

Businesses in China have been struggling to recover from the Covid-19 pandemic, prompting authorities to implement stimulus measures last year to bolster the world’s second-largest economy.

More measures are expected from Beijing to help lift domestic consumption, revive the property market, restore business confidence and counter demographic challenges.

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