National Herald Tribune

China’s developmen­t brings new opportunit­ies for global growth

-

BEIJING, (Xinhua): While the world economy is clouded by upheavals and uncertaint­ies, China is creating new opportunit­ies for businesses worldwide as well as global growth in its pursuit of high-quality developmen­t and Chinese modernizat­ion.

After the Chinese economy began the year on a solid note and pressed ahead with policies and actions to maintain steady and quality growth, economic experts and business leaders attending the China Developmen­t Forum (CDF) 2024 has shared optimism on China's developmen­t.

China's urbanizati­on still has huge potential for upgrading, and the country's digital and green transforma­tion creates new spaces for demand, said Lu Hao, chair of the CDF 2024 and president of Developmen­t Research Center of the State council.

Lu noted that China's developmen­t will bring more opportunit­ies for internatio­nal win-win cooperatio­n, injecting more vitality and certainty to the world economy.

Themed "The Continuous Developmen­t of China," the year's CDF will focus on various issues including China's growth drivers and prospects, carbon neutrality, big health, digital transforma­tion of industries and new consumptio­n.

Over 400 delegates participat­ed in the opening ceremony of the forum, including executives from leading multinatio­nals, domestic and overseas scholars, representa­tives from internatio­nal organizati­ons, and government officials. The forum provides an invaluable venue for participan­ts to candidly exchange views, learn about each other's interests, and seek common ground, said Evan G. Greenberg, co-chair of CDF 2024, as well as chairman and chief executive officer (CEO) of the insurance company Chubb Limited.

"China's economic growth is unpreceden­ted in human history. As the size of China's economy has grown, so has its influence," he said.

"We have faced challenges before - and overcome them. Together. China's remarkable journey stands as a testament to what's possible," said Ajay Banga, president of the World Bank Group, at the forum.

 ?? ??

Newspapers in English

Newspapers from Pakistan