Guests attending the Boao conference said that China’s high-quality development will create more opportunities for the world
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International Online Report (Reporters: Wang Huanxing, Zhu Yinan Hainan Station Reporter Jin Xinzhu): The four-day Boao Forum for Asia 2024 Annual Conference is being held in Boao, Hainan. The global political, business and academic circles gathered together to seek peaceful development and win-win cooperation. In an interview with reporters, guests attending the meeting said that China’s economic recovery and improvement have made everyone look forward to Asia’s future development, and they also look forward to China’s injecting strong momentum into the world’s economic recovery and stable development.
As the world’s second largest economy, China’s economic development situation is related to the investment decisions of global enterprises and the development confidence of the international community, and has attracted worldwide attention. Data shows that China’s contribution to world economic growth has exceeded 30% for many years in a row. When talking about the contribution of China’s economy to the world economy, Ban Ki-moon, Chairman of the Boao Forum for Asia, said that in the context of slow global economic recovery and rising trade protectionism, China has always been committed to solving development issues, promoting international cooperation, and contributing to the world economy. Injecting impetus into growth and common development. Ban Ki-moon said: “China is now in a critical period of transformation. It no longer only focuses on the traditional growth model, but instead pays more attention to the quality and sustainability of development. This transformation undoubtedly requires vision and courage, but in the long run It seems that this change will definitely promote the sustainable development of China’s economy, which is undoubtedly good news. Such a change will not only benefit China itself, but also have a positive impact on Asia’s trading partners and even the world.”
Currently, China is actively cultivating and developing new productive forces and promoting high-quality development. AstraZeneca Global CEO Suboko believes that from the perspective of the country and economy, China’s opening up will promote these technologies to the world and drive global growth. “It is obvious that China is making a huge contribution to global economic growth. At the same time, there is another contribution that cannot be ignored, and that is innovation. The green transformation technologies promoted by Chinese companies in biotechnology and other fields will undoubtedly contribute to the development of other parts of the world. Provide strong support for rapid development. If these technologies can be successfully promoted to all parts of the world, China will play an even more important role in global economic growth and its contribution will be even greater.”
In recent years, China has continued to play a positive role in world economic growth in trade, investment, green cooperation, global governance and other aspects. For example, in 2023, against the backdrop of a decline in global cross-border direct investment, China’s overall outward direct investment bucked the trend and rose. Data show that last year, China’s industry-wide non-financial overseas direct investment exceeded US$130 billion, a year-on-year increase of 11.4%, of which non-financial direct investment in countries co-building the “Belt and Road” increased by more than 20% year-on-year. Liu Minghua, deputy CEO of Deloitte China, believes that at a time when the world economic recovery is weak and external demand is sluggish, China remains an important engine of global growth. “In the field of global multilateral economic and trade cooperation, (China) actually carries out a lot of green development, technology and innovation locally, so it has made a very large contribution to the inclusive growth of the world economy. At the same time, China will still promote ‘One Belt, One Road’ promotes the development of co-building countries through infrastructure construction and economic cooperation, and makes positive contributions to the interconnection of the world economy.”
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