Summer Davos Outlook: Exploring the World's Path to Restart Growth at a Critical Moment of Change | World | Economy | Key

The 14th annual meeting of new leaders of the world economic forum will be held in Tianjin from June 27 to 29. This is the first time that the summer Davos forum has resumed offline holding in four years. At the critical moment of world economic recovery and change, this forum will bring together global leaders and enterprise innovation forces to explore the way to restart the growth of the world economy.

Exploring the global economic recovery

Since the neo-crowning epidemic, the global economy has faced many tests and challenges, and at present, restoring the global economy has become a common task facing all countries in the world, which urgently requires solidarity and collaboration.

As a global dialogue platform for politics, business and other sectors in the world, the World Economic Forum has always been a weather vane for all sectors of the world to observe world political and economic trends, and to provide suggestions for world economic development and response to global challenges. The 2023 Summer Davos Forum will also uphold this purpose. About 1500 public and private sector leaders from more than 90 countries will gather in Tianjin to explore ways to recover the current global economy.

Chen Liming, President of the Greater China Region of the World Economic Forum, said that a series of deglobalization risks triggered by the COVID-19 epidemic and geopolitical conflicts have profoundly changed the world. New problems such as economic recession, decoupling, inflation, food and energy supply continue to emerge, and long-term challenges such as climate change, energy transformation, and biodiversity reduction still need to be faced. The development of cutting-edge technologies such as artificial intelligence is also receiving attention. This summer Davos Forum will continue to uphold a neutral and fair stance, promote dialogue between governments and businesses, as well as dialogue between the East and the West, with the hope of addressing the short-term and long-term challenges faced by the world.

"Overall, this summer's Davos Forum has basically returned to pre pandemic levels. We expect that the dialogue and cooperation needs that have accumulated over the past four years will be re released at this year's annual meeting through this opportunity," said Chen Liming.

Providing programmes for the transformation of the world economy

In today's world, we are not only facing short-term problems of economic recovery, but also long-term problems of rapid transformation and sustainable development, which are related to the future and destiny of the entire human race. As a pioneering dialogue platform for exploring the global economy, this summer's Davos Forum will provide solutions for profound changes in the world, discuss how to provide new impetus for innovation and entrepreneurship, drive growth, and shape a more equitable, sustainable, and resilient global economy.

The press conference before the 14th Summer Davos Forum recently revealed that this year's annual conference has six core themes: restarting growth, China in the global context, energy transformation and material supply, consumption trends in the post pandemic era, and protecting nature and climate and deploying innovation. The conference will also explore the latest global issues, such as global debt explosion, financial stability, climate action, etc., which have systemic significance for Asia and other regions of the world. In addition, the conference will also cover the latest innovative technologies that have the potential to change the world, such as generative artificial intelligence, plant sensors, care technologies, batteries, and electric vehicles.

Market demand is the fundamental driving force for technological innovation and economic transformation, and the future of the world economy requires the main body of the market - enterprises - to exert their power. The theme of this forum is "Entrepreneurial Spirit: The Driving Force of the World Economy".

Chen Liming stated that enterprises and entrepreneurs are creators of social wealth and also the main body of innovation. The core goal of the annual conference is to reignite innovation vitality and entrepreneurial spirit in Asia and around the world, and promote the world economy to steadily move towards a more equal, sustainable, and resilient future.

Showing the "power" of China's economic recovery"

In 2007, the World Economic Forum has held the "Annual Meeting of the New Champions" in China every year since 2007, that is, the Summer Davos Forum. So far, the Summer Davos Forum has been held for 13 sessions and has become an important platform for communication between China and the world. Looking forward to China's economic prospects and focusing on the "China's contribution" of the world economy are also important contents of the Summer Davos Forum.

According to a report released by the World Bank, China's average contribution to world economic growth from 2013 to 2021 was as high as 38.6 percent, more than the combined contribution of the G7 countries, and was the first driving force for world economic growth. Recently, the International Monetary Fund and other international institutions have also raised their expectations for China's economic growth this year, demonstrating their confidence in China's economic development prospects.

In recent years, China has vigorously promoted high-quality development and accelerated economic transformation. At the same time, it has continued to "open its doors to the world" and maintain a high level of opening up. The "the Belt and Road" initiative has also contributed to the process of globalization. With the smooth transition of China's COVID-19 epidemic this year, China's economic recovery will inject greater confidence and vitality into the world economy.

Gao Jian, Deputy Director of the International Department of the National Development and Reform Commission of China, stated that this summer's Davos Forum provides a platform for communication and dialogue between the political and business communities of various countries, which will help all parties to deepen their understanding of China's economic situation, deepen their understanding of China's high-level opening-up, and strengthen their confidence in cultivating and investing in China.

It is understood that this forum has a number of Chinese and Asian topics, including China's economic outlook, the future of the "Belt and Road" initiative, the new blueprint for digital China, China's climate financing, etc., to help participants keep abreast of China and Asia as a whole. Economic prospects.