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.