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China’s High-Quality Growth Anchors Global Economy in 2026, Says WEF Expert

China's strategic shift toward high-quality development is emerging as a critical stabilizer for the global economy amid persistent geopolitical tensions, according to Maroun Kairouz, managing director of the World Economic Forum (WEF). Speaking through a written interview, Kairouz emphasized that China's focus on innovation and sustainability is creating ripple effects across international markets.

Structural reforms in clean energy and digital technologies are driving this transformation. China invested $818 billion in clean energy during 2024 – a 20% year-on-year increase – while advancements in artificial intelligence and advanced manufacturing are boosting sector-wide efficiency. These efforts align with what Kairouz describes as "new quality productive forces," positioning China as a leader in Fourth Industrial Revolution technologies.

Nearly 40% of the WEF's globally recognized "Lighthouse" factories now operate in China, showcasing best practices in sustainable manufacturing. Kairouz noted that developments in China's supply chains directly impact global efforts to address climate change and stabilize trade flows.

With the WEF's 2026 Annual Meeting themed "The Spirit of Dialogue," Kairouz stressed the urgency of multilateral cooperation to balance competition and trade stability. He cited World Trade Organization data showing resilient global trade activity despite protectionist pressures.

China's integrated approach to workforce development – combining industrial, digital, and climate strategies – offers a blueprint for emerging markets navigating AI-driven labor market changes, according to the WEF director. These reforms are expected to create new global opportunities in green technology and advanced manufacturing through 2026 and beyond.

(With input from Xinhua)

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