Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BEIJING, June 22 (Xinhua) — Chinese authorities are taking a long-term approach to economic development, investing in technology and human capital, which is evident in the evolution of emerging industries, be it green energy, industrial transformation or advanced manufacturing, said Jim Hui Neo, Managing Director of the World Economic Forum (WEF).
In an exclusive interview with Xinhua ahead of the upcoming Summer Davos forum, which will be held from June 24 to 26 in Tianjin, northern China, Neo said the expected attendance of 1,800 delegates, more than half of whom are from global businesses, indicates significant interest in China and Asia as a whole.
Companies and investors attending the event in Tianjin will seek partnerships in advanced manufacturing, technology, healthcare and other areas, she said.
Commenting on the investment climate in China and Asia, Neo noted that the “ingredients” in terms of policy coherence and consistency, availability of human capital, technology readiness and broader market support are “very strong.”
“I believe these different elements create an ecosystem that is favorable for both investors and business partnerships,” she explained.
Notably, Neo also said the Chinese economy has shown greater resilience amid global economic uncertainty. She said Asia is expected to account for about 60 percent of global GDP growth this year, with China contributing about 30 percent.
“So the outlook for Asia and China remains very strong,” Neo stressed, adding that there will be significant interest and attention to the potential of China and Asia at the upcoming meeting in Tianjin this year. “In particular, we will have sessions on China’s economic outlook, its approach to artificial intelligence, and the broader innovation ecosystem.”
Addressing growing tensions in global trade, Neo noted that the WEF has a working group on trade and investment that seeks to bring together business with governments, academia and international organizations for constructive dialogue and the formation of mutually beneficial partnerships.
“I emphasize the word ‘mutually beneficial’ because we need to look for opportunities and areas of cooperation that can benefit everyone,” she said.
Neo said the WEF has a long-standing friendship with China and looks forward to continuing to work with the Chinese government, business and people to promote dialogue between China, Asia and the rest of the world.
“There is great interest in Asia and China, and we hope to continue to create a platform for constructive dialogue, exchange of ideas and views, and to stimulate new partnerships and find solutions to global challenges,” she said.
The 2025 Summer Davos Forum, or the 16th annual meeting of the World Economic Forum’s emerging leaders, entitled “Entrepreneurship in a New Era,” will focus on five key areas: decoding the global economy, China’s prospects, transforming industries, investing in people and the planet, and new energy and materials. -0-