TechFlow news, on January 9, Zhou Xiaochuan, Vice Chairman of the Boao Forum for Asia and former Governor of the People's Bank of China, shared his outlook for the new year, highlighting four major changes facing the world in 2025: ongoing international instability, increased uncertainty in global economic recovery, rapid development of AI technology bringing both opportunities and challenges, and intensifying climate change crises. He also emphasized three enduring trends: the continued rise of Global South nations, Asia's advancement of inclusive and equitable economic globalization, and China's deepening of reform and opening-up.
Zhou Xiaochuan noted that global public debt is approaching $100 trillion, which will increase external financing costs and exchange rate depreciation pressure for emerging markets and developing countries, while posing challenges to fiscal sustainability in developed economies. He warned that the impact of digital crypto assets on global financial stability and security warrants vigilance.
