After four years, the Summer Davos Forum returned to China and welcomed visitors from all directions in Tianjin. During the forum, confidence, openness, and cooperation became the key words discussed by participants from both domestic and foreign countries. The attending guests expressed their full confidence in the prospects of China's economy and looked forward to jointly exploring development experiences, sharing the vast opportunities brought by the opening up of China, and becoming peers in China's high-quality development. Confidence: The 14th Annual Meeting of the New Leaders of the World Economic Forum (Summer Davos Forum) was held in Tianjin from the 27th to the 29th, with approximately 1500 representatives from over 90 countries and regions attending to explore the path to restarting global economic growth. The forum provides an excellent window for the world to understand China's economic situation, and attendees look forward to China's continued positive contributions to world economic growth. Zhu Min, Vice President of the China Center for International Economic Exchanges and former Vice President of the International Monetary Fund (IMF), said in an interview that half of the participants in this forum came from overseas, and foreign guests participated actively, hoping to understand China and develop business in China. "One important reason is that China's economy still maintains a relatively stable and strong growth rate against the background of weak world economic recovery". Zhu Min believes that the Chinese economy is expected to achieve a growth target of around 5% for the entire year, and its contribution to global economic growth will exceed one-third. Since the beginning of this year, executives from multinational corporations such as Tesla CEO Musk, Procter&Gamble Chairman and CEO Jen Muren, and Apple CEO Cook have come to China for exchanges and inspections, casting a "vote of confidence" for the Chinese economy. Director-General of the World Trade Organization Eveira said that China's economic development will help more countries share the dividends of growth. Philip Mayborough, the managing director of Standard Bank Group, the largest African bank headquartered in South Africa, believes that China's economic growth is an important external factor supporting Africa to form an endogenous power, and that "Africa and China have achieved bilateral reciprocity through trade in agricultural products and other products". Open: Don't be afraid of high winds and waves. Guests at the forum emphasized that in the current context of slowing global trade growth and lack of geopolitical cohesion, if there is further division and decoupling, the world economic recovery will become even more difficult. They called for all parties to promote economic growth with an open and cooperative attitude. Ivira stated that the long-term cost of severe division may be a 5% decline in global gross domestic product, "equivalent to the disappearance of the entire Japanese economy. Milek Dusek, Executive Director of the World Economic Forum, said that trade disruption might have as serious a negative impact on global living standards as COVID-19. In recent years, China has introduced regulations for the implementation of the Foreign Investment Law, reduced the negative list of foreign investment access, and continuously optimized the business environment. China adheres to the implementation of broader, broader, and deeper opening-up to the outside world, which has won widespread recognition from the attending guests. Driven by high-quality development goals, the Chinese economy is moving towards greenery and digitization, which will provide vast space for enterprises from all over the world to develop in China. "said Yu Feng, President of Honeywell China." Against this backdrop, China is committed to adhering to a high level of openness to the outside world, creating a market-oriented, legal, and internationalized first-class business environment, which will further unleash China's potential for sustainable development
Edit：Hou Wenzhe Responsible editor：WeiZe
Source：XinhuaNet
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