2024 Understanding China Conference｜Peter Jungen: Opening up means embracing new ideas

南方财经全媒体记者李依农 杨雨莱广州报道

"The restless and endless search for the new. That's the key to a market economy." During the 2024 Understanding China Conference, Peter Jungen, the Chairman of Peter Jungen Holding GmbH offered unique views on market economy. He told SFC journalist that the opportunity of opening up means basically open markets means market economy and means let people do what they can do best. 

He further explained that "Opening up means you have new ideas, new knowledge and turning money into new knowledge. Once you have gained new knowledge, you use that to produce new services and products."