Full coverage: Summer Davos Forum 2016

For more discussions, let's bring back our studio guest Liu Baocheng. He's Dean of the Center for International Business Ethics at University of International Business and Economics.

Q1. There are three major topics for the discussions at the forum. They are resetting production system, restoring growth and rethinking innovation. Let's talk about resetting production system at first. China is moving up the manufacturing value chain and improving competitiveness, with national strategies such as "Made in China 2025." Do you think these initiatives are paying off? What further reforms are needed?

Q2. What will the upgrade of China's manufacturing capacity mean for global economy?