Jointly promote the prosperity and development of the world economy

On June 27th, the 15th Annual Meeting of New Leaders of the World Economic Forum (Summer Davos Forum) concluded in the beautiful coastal city of Dalian.

Political and business leaders, academic experts, and media representatives from around the world spent three days discussing hot topics such as economic globalization, artificial intelligence, industrial upgrading, climate change, and energy transformation. Numerous attending guests expressed that China has injected more certainty into the stable development of the global economy and sustained momentum into the world economy through high-quality development and high-level opening up.

The Chinese economy has strong resilience

Since the beginning of this year, the Chinese economy has maintained a rebounding trend, with a year-on-year growth of 5.3% in the first quarter of the year, achieving a good start, and continuing to stabilize and improve in the second quarter.

During the forum, discussions on China's economic issues were lively in sub forums. The attending guests stated that the long-term positive fundamentals of the Chinese economy will not change, and China's development still has multiple advantages and conditions.

"In the second half of the year, the Chinese economy will maintain steady growth and structural adjustment will continue to deepen." Zhu Min, Vice Chairman of the China International Economic Exchange Center, believes that China is continuously improving consumption policies and conditions, which will further unleash consumption vitality and smooth the national economic cycle.

"In recent years, the company's sales in China have significantly increased, indicating that the Chinese economy has strong resilience and sustainability," said Pang Anze, the person in charge of IKEA.

"We are optimistic about the Chinese economy," said Alex Zavoronkov, founder and CEO of British Silicon Intelligence. "China attaches great importance to technological innovation and will inject inexhaustible impetus into economic development.".

"The Chinese government has provided strong and efficient support in project approval, factory construction, and other aspects, making us firmly believe that investing in China is the right choice." According to Mile, Vice President of R&D at BMW Brilliance, in April this year, BMW Group decided to increase its capital by 20 billion yuan for the large-scale upgrade and technological innovation of BMW Brilliance's East factory.

"China's efforts to protect intellectual property rights continue to increase, effectively curbing infringement, safeguarding enterprise innovation, and giving us more confidence to participate in international cooperation," said Fang Jianru, General Manager of Dalian Yaming Automotive Parts Co., Ltd.

Deepening technological exchange and cooperation

Entering the exhibition area of the first floor lobby of Dalian International Convention Center, high-tech products such as electrochemical biomimetic eyes, biomimetic olfactory chips, and range motion sensors are all displayed, and many domestic and foreign guests stop to watch.

Showcasing sculpture works that symbolize environmental protection and harmonious coexistence, the main venue achieves 100% "green electricity" supply, and 80% of service guarantee vehicles are new energy vehicles... Shuttling inside and outside the venue, a green atmosphere fills the face.

At this forum, elements such as artificial intelligence, digital economy, and green transformation can be seen everywhere, fully stimulating the strong pulse of high-quality development of the Chinese economy.

Stable as the second largest R&D investment country in the world, with about 400000 high-tech enterprises and the number of global top 100 science and technology innovation clusters ranking first in the world... The innovative power of the Chinese economy has exploded, promoting domestic industrial transformation and upgrading, and providing confidence and momentum for global economic growth.

"The banking and insurance industry is an indispensable force in cultivating and developing new quality productive forces." Guo Xiaotao, Co CEO of Ping An, introduced that Ping An has created a distinctive technology and financial service system, providing in-depth services to science and technology innovation oriented small and medium-sized enterprises, specialized and innovative enterprises, and helping to build a modern industrial system.

Zhang Xiaoyun, Senior Vice President of Asia Pacific at American Automated Data Processing Company, stated that China is developing new quality productivity according to local conditions, accelerating its layout in emerging and future industries, which will foster huge cooperation opportunities and stimulate the company to invest more in emerging fields.

The installed capacity of renewable energy in China has exceeded 50%, and more than half of the world's new energy vehicles are driven in China. One quarter of the world's newly added green area comes from China... In terms of green development, China not only lays a solid foundation for high-quality development, but also provides a broad market for global enterprises.

"Over the years, China has accelerated its development in new industries such as power batteries, promoting the establishment of a large-scale and fully connected new energy industry system, making important contributions to building a beautiful and clean world." said Lu Fang, CEO of Lantu Automotive Technology Co., Ltd.

Johnson Controls Asia Pacific President Lang Zhiwen stated that the company will follow the trend of high-end, intelligent, and green development in China's manufacturing industry, deeply cultivate the Chinese market, and work together with industry partners to promote green and low-carbon development.

More than 400 million people in the middle-income group will play an important role in increasing global total demand; Major trading partners from over 140 countries and regions; In the past five years, the return on foreign direct investment in China has been about 9%, which is at a relatively high level internationally... Today, China has become a large market shared by the world.

Jennifer Merio, a graphic designer from Davos Forum in France, returned to Dalian after 5 years and was pleasantly surprised to find that she could now use WeChat payment. Under the guidance of the People's Bank of China and other departments, WeChat Pay continues to optimize the card binding and opening process for foreign visitors to China, improving their payment experience.

Honeywell's relevant person in charge, Yu Feng, stated that China has an efficient supply chain system, which lays the foundation for Chinese and foreign enterprises to carry out collaborative innovation. The company is confident in the sustained growth of the Chinese market and is seeking development opportunities in fields such as intelligent manufacturing and green manufacturing in China.

China's new development provides new opportunities for the world

From the main venue to sub forums, from the new leader village to various interactive spaces, many attendees expressed that China is firmly committed to a mutually beneficial and win-win open strategy, constantly providing new opportunities for the world with China's new development, promoting the construction of an open world economy, and will better benefit people of all countries, injecting lasting momentum into the sustained and healthy development of the world economy.

At the sub forum, many guests were deeply impressed by China's new energy products going global. Data shows that in the first five months of this year, mechanical and electrical products with high technological content and added value accounted for nearly 60% of exports.

Liu Minghua, a relevant person in charge of Deloitte, said that China has made remarkable progress in solar energy, wind energy and other renewable energy technologies. By increasing investment in technology R&D and application, China can not only reduce its own carbon emissions, but also help other countries achieve energy transformation.

GE Medical invested 380 million yuan in the construction of its Shanghai base, Sam's Club settled in Zhongshan, Guangdong, and BASF's Nanjing production base expanded production... In the first half of this year, multinational companies continued to accelerate their investment layout in China. At this forum, more foreign companies have shown strong confidence in increasing investment in China.

"China is deeply implementing the strategy of upgrading its free trade pilot zones, actively connecting with high standard international economic and trade rules, and creating a new highland for opening up to the outside world." Wu Chun, a person in charge of Boston Consulting, believes that China's huge market size and diverse application scenarios will provide a broad stage for global technological innovation, attract more multinational high-tech companies to deeply cultivate China, and jointly expand the global economic cake.

"China's industrial chain supply chain is complete, and it continues to grow in its deep participation in the global industrial division of labor, and continues to benefit cooperative countries and regions with its own development achievements, making great contributions to promoting global inclusive and inclusive development." said Murat Kokoru, member of the Executive Committee of Türkiye Koksan Packaging Industry Co., Ltd.

Taking this forum as an opportunity, China will continue to work together with other countries to advance and sail far, jointly promote world economic prosperity and development, and create a better future for human society.