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Exclusive interview: Increase productivity, employment opportunities through new business models

Reporter: Wang Hui 丨 CCTV.com

06-27-2016 09:22 BJT

Full coverage: Summer Davos Forum 2016

Sebastian Buckup, head of programming for the World Economic Forum. He explained the concept of the fourth industrial revolution and its impact on China and the global economy.

"So you are the head of the Davos Forum........difference between the 4th revolution and the three previous ones," said Wang Hui Tianjin.

"I always like to give an example of what I mean by the 4th revolution....transformation in how societies work, how economies work, how countries work, and to some extent, how families work and how we work as individuals," said Sebastian Buckup, head of programming World Economic Forum Geneva.

"I wonder how will this 4th industrial revolution help the world economy?" she said.

"Well the problem of the world's economy at the moment is that we have is pretty low productivity growth....but it's also the possible of changing the way we're growing," he said.

"China did not lead any of the first three revolutions, but during this fourth revolution, in your opinion, what kind of position will China take?" she said.

"We China has gone through an enormous, probably unprecedented.......I think this is pretty important for China has a competitor in the market going forward," he said.

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