At the World Economic Forum (WEF) Annual Meeting 2025 in Davos, China’s economic influence and future strategies were in the spotlight. Senior officials and global business leaders emphasized the nation’s pivotal role in the global economy, highlighting opportunities for sustainable growth and international cooperation.
Chinese Vice Premier Ding Xuexiang addressed attendees on Tuesday, outlining trends that are shaping the Chinese mainland’s economy. He emphasized the country’s solid progress in high-quality development and extended an invitation to foreign enterprises to invest and do business in China, encouraging them to share in the nation’s opportunities.
Zhu Min, a member of the Senior Expert Advisory Committee of the China Center for International Economic Exchanges, underscored the importance of strengthening China’s manufacturing sector.
“This is the key competitiveness of China’s economy. China’s manufacturing accounts for roughly 30.3 percent of the global GDP. It’s equal to the total of the US, Japan, and South Korea combined,” Zhu said during a WEF sub-forum titled “Decoding China’s Economy: Present and Future.”
“In the next 20 years, we’ll ensure that ‘Made in China’ signifies affordability, quality, and high technology,” he added.
Michael Suss, Executive Chairman of Oerlikon, commended China’s development over the past three decades, describing it as “impressive.”
“We must acknowledge that the world would not have achieved such wealth without China’s growth in the last 30 years,” Suss noted.
WEF Managing Director Mirek Dusek also highlighted China’s significant role in revitalizing the global economy.
“China plays a very important role in that endeavor, on development, on trade as well as on technology,” Dusek said in an interview.
The discussions at Davos 2025 reflect a global consensus on the importance of China’s economic trajectory. As the nation continues to advance its development strategies, it remains a central player in fostering global economic growth and innovation.
Reference(s):
cgtn.com
