Davos 2025 Highlights China's Economic Significance
At the World Economic Forum Annual Meeting 2025 in Davos, discussions centered on China's economic outlook and development strategies. Senior officials and leaders from global businesses highlighted the significant role China plays in the world economy.
Chinese Vice Premier Ding Xuexiang addressed the gathering in Davos, Switzerland, on Tuesday, where he discussed China's economic trends and the nation's dedication to sustainable growth.
Ding emphasized the significant factors shaping China's economy, particularly its substantial advancements in high-quality development. He also encouraged foreign companies to invest and operate in China, highlighting the potential for mutual success through shared opportunities.
Zhu Min, a member of the Senior Expert Advisory Committee of the China Center for International Economic Exchanges, stressed the necessity of reinforcing 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 US, Japan and South Korea together," Zhu said during the WEF sub-forum "Decoding China's Economy: Present and Future."
"So in the next 20 years, we'll make sure 'Made in China' means cheap, good and high technology," he added.
Oerlikon Executive Chairman Michael Suss praised China's development over the past three decades, calling it "impressive."
"We have to be aware that the world would not have created that wealth without the Chinese growth in the last 30 years," Suss stated.
In addition, WEF Managing Director Mirek Dusek remarked on China's significant role in facilitating the global economy's efforts to "relaunch growth" amidst current challenges.
"China plays a very important role in that endeavor, on development, on trade as well as on technology," Dusek conveyed during an interview with CN.
Mark B Thomas for TROIB News