The China Development Forum 2024 commenced on Sunday in Beijing, bringing together global leaders to foster dialogue and cooperation on sustainable development. The annual national-level event, held after the “Two Sessions,” aims to deepen international engagement with China’s ongoing growth initiatives.
Over 110 participants, including leaders from the World Bank, the International Monetary Fund (IMF), top corporate executives, and esteemed scholars, have gathered for the two-day forum themed “Continuous Development of China.” The forum provides a platform for in-depth discussions on China’s role in the global economy and its commitment to sustainable practices.
In his keynote speech, Chinese Premier Li Qiang emphasized China’s dedication to creating opportunities for global investors. He highlighted a comprehensive approach that includes macroeconomic policy adjustments, urbanization efforts, industrial upgrades, and a focus on the green transition to drive sustainable growth.
Zheng Shanjie, head of the National Development and Reform Commission, announced plans to upgrade equipment across seven key sectors: industry, agriculture, education, transportation, construction, culture and tourism, and healthcare. This initiative is projected to generate a market exceeding 5 trillion yuan (approximately $700 billion), signaling significant opportunities for domestic and international investors.
The China Development Forum serves as a critical juncture for policymakers, business leaders, and academics to collaborate on strategies that support China’s development goals while contributing to global economic stability. Discussions from the forum are expected to influence policy directions and investment trends in the coming years.
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China Development Forum kicks off to promote sustainable development
cgtn.com
