StanChart optimistic about China prospects

Standard Chartered PLC is firmly optimistic about China's economic prospects and has actively aligned its business strategies with economic trends, such as the high-quality development of the private economy and the rapid application of artificial intelligence technologies, in the world's second-largest economy, its top executive said.

"It's entirely possible for China to hit the economic targets that it has set as it had in recent years," Bill Winters, group chief executive of the bank, said in an exclusive interview with China Daily, pointing to the positive advancements in China while analyzing the challenges.

"We know that consumer confidence has been relatively weak, but we see very concrete actions that are being taken to support confidence and encourage consumers to spend more freely," Winters said.