Xinhua News Review | Injecting More Deterministic Forces into World Economic Development Global | World | News Review
Tianjin, June 29th (Xinhua) - Injecting More Deterministic Forces into World Economic Development
Xinhua News Agency reporters Li Yanxia and Mao Zhenhua
Smiling, shaking hands, talking freely... After nearly four years, the Summer Davos Forum has ushered in an offline restart amidst global attention. The three-day grand event brought together approximately 1500 representatives from over 90 countries and regions from all walks of life to gather consensus and determine the driving force for world economic recovery and sustainable development through frank ideological turmoil.
The certainty comes from the steady recovery of the Chinese economy. In the past decade, China has been an important driving force for stable global economic growth. Since the beginning of this year, against the backdrop of weak global economic recovery, the Chinese economy has shown a clear upward trend. In the first quarter, the year-on-year growth rate was 4.5%, and it is expected that the growth rate in the second quarter will be faster than that in the first quarter. It is expected to achieve the expected growth target of around 5% for the whole year. While anticipating a slowdown in global economic growth, some international organizations and institutions have raised their expectations for China's economic growth this year, fully demonstrating the international community's confidence and expectations in China's economic development prospects.
The certainty comes from China's firm pace on the track of high-quality development. The digital economy, green development, life and health... At this summer's Davos Forum, the pulse of high-quality development of the Chinese economy is surging. As we embark on a new journey of all-round socialist modernization, China implements the new development concept, accelerates the construction of a new development pattern, unswervingly deepens reform and opening up, and strives to promote Chinese path to modernization with high-quality development. At this forum, China has further released a strong signal to expand domestic demand potential, stimulate market vitality, promote coordinated urban-rural regional development, accelerate green transformation of development mode, and promote high-level opening up to the outside world. This will provide a continuous source of power for world economic recovery and growth, and also provide mutually beneficial cooperation opportunities for investors from all countries.
Certainty comes from the strong desire of all parties to address global challenges in cooperation and openness. On the forum, strong voices of open cooperation, multilateralism, and opposition to decoupling spread from Tianjin to the world. Currently, unilateralism and protectionism are on the rise, and economic globalization is facing a backlash. Slowing growth, debt risks, climate change, wealth inequality... Faced with a series of global challenges, no country can stand alone, nor can any country solve problems alone. Unity and cooperation are the right path for humanity. All parties attending the meeting called for development through openness and win-win cooperation. Only by following the historical trend, firmly building an open world economy, and jointly maintaining the stability and smoothness of global industrial and supply chains, can we make the achievements of economic globalization more equitable and benefit different countries and populations.
To simplify the road, practical work is essential. The theme of this summer Davos Forum is "Entrepreneurial Spirit: The Driving Force of the World Economy", which has strong practical relevance. As practitioners of global cooperation and development, entrepreneurs from all countries should have the courage to take on responsibilities and actively act, firmly support economic globalization with practical actions, firmly maintain market economy, firmly support free trade, inject more certainty into the global economy, and work together to promote the world economy to break through the waves and sail far away!