In a recent interview with CGTN anchor Guan Xin on Biztalk, Takehiko Nakao, Chairman of the Institute at Mizuho Research & Technologies and former president of the Asian Development Bank (ADB), provided valuable insights into the current state and future prospects of the Asian economy. Nakao addressed the challenges and opportunities facing the region, emphasizing the importance of maintaining open world trade, investment, and finance amid rising geoeconomic fragmentation.

When discussing the interconnectedness and openness of the Asian economy, Nakao stressed the significance of sustaining open trade, investment, and finance on a global scale. He highlighted the need for regionalization while emphasizing the importance of engagement with countries beyond Asia.

Nakao also shared his perspectives on the emergence of new institutions such as the Asian Infrastructure Investment Bank and the New Development Bank, underscoring the importance of effectively managing these institutions to support economically viable projects in developing countries.

In reference to China's economy, Nakao commended the country's advancements in strengthening its financial sector while acknowledging the challenges it faces, particularly in the real estate sector. He emphasized the importance of addressing these challenges while upholding open trade and investment regimes to facilitate sustained growth.

Addressing the role of digital cooperation in regional economic growth, Nakao conveyed optimism about the future of Asian economies, emphasizing the need for open trade and investment systems and the management of good relations between countries as key factors for sustainable growth.