The 2024 Summer Davos Forum concluded in Dalian on Thursday, gathering over 1,700 guests and representatives from more than 200 innovative enterprises to discuss global economic developments and opportunities.
Focusing on six major themes—including “A New Global Economy” and “New Frontiers for Industry”—the forum highlighted “China and the World” as a significant topic. Participants emphasized that China’s high-quality development is a driving force for global economic growth, injecting new momentum into the world economy.
Malaysian Minister of Economic Affairs Rafizi Ramli expressed Malaysia’s eagerness to learn from Chinese enterprises’ innovative technologies. He stated that Malaysia looks forward to cooperation in advanced electronics and semiconductor industries, expecting the collaboration to enter a stage of rapid development in the coming years.
Attendees noted that new industries and models emerging from China’s technological advancements are creating development opportunities for many countries, stimulating and sustaining positive momentum in the global economy.
David Adelman, Managing Director and General Counsel at KraneShares, remarked on China’s impressive economic development, noting that the country has managed the business cycle effectively. “As a huge economy, China’s growth is impressive,” he said.
Simon Lacey, Head of Digital Trade and Geopolitics at the World Economic Forum, highlighted China’s strong manufacturing base and its role as a significant high-growth consumer market. He added, “The world cannot recover from the shocks of the past few years without China’s boost to the global economy.”
The forum underscored the importance of international cooperation and innovation in navigating the challenges of the current global economic landscape. With China’s continued commitment to high-quality development, participants expressed optimism about future collaborations and the collective potential for economic growth.
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Summer Davos 2024 concludes: China drives global economic growth
cgtn.com
