The 2024 Summer Davos Forum will be held in Dalian, Liaoning Province - turning the Chinese market into a global opportunity
2024-06-26
On June 25th, the 15th Annual Meeting of New Leaders of the World Economic Forum (Summer Davos Forum) was held at the International Conference Center in Dalian, Liaoning Province. This forum will last for 3 days, with the theme of "New Frontiers of Future Growth". More than 1600 representatives from the political, business, academic, and media sectors from nearly 80 countries and regions attended the meeting to jointly experience the pulse of China's economy and explore new paths for world economic growth. During the interview, participants from both domestic and foreign business communities expressed confidence in the Chinese economy. There are many favorable factors that support economic development. Currently, global economic growth is slowing down and the growth momentum is insufficient. However, China's continuous optimization of the innovation environment has provided strong support for the economic recovery and improvement. From 2018 to 2023, China's research and development expenditure increased by nearly 70%; In 2023, China granted 921000 invention patents, a year-on-year increase of 15.3%. The number of valid invention patents in China ranks first in the world. "Many foreign car companies' partners see the rapid development of China's automotive industry and often use the word 'broaden their horizons'." Cao Xudong, CEO of Beijing Chuspeed Technology Co., Ltd., a Chinese autonomous driving technology company, said that it is precisely because China has a good innovation environment and a huge market size that it has led enterprises to create good technology and products. Over the past 40 years of reform and opening up, China has stood on the same starting line as the world's most cutting-edge enterprises. We will work together with these enterprises to innovate, develop good technology, create good products, and better serve global users. The cultivation and growth of new productive forces also provide new impetus for the high-quality development of China's economy. In the manufacturing industry, there is a clear trend towards high-end, intelligent, and green transformation. Currently, the Huachen BMW sixth generation power battery project with an investment of 10 billion yuan is under construction and will produce a new pure electric vehicle model starting from 2026. Mile, Vice President of R&D at BMW Brilliance Automotive Co., Ltd., stated that the application of digital technology not only improves efficiency, but also represents a new way of collaboration. "We will continue to enhance our digital capabilities, strengthen cooperation, and continuously contribute to the vibrant and dynamic Chinese economy," Mile said. At this forum on sharing development opportunities with the world, the topic of "turning the Chinese market into a global opportunity" has attracted much attention. From expanding market access, providing high-quality services for foreign investment, to increasing efforts to protect intellectual property rights and the legitimate rights and interests of foreign investment, China adheres to a high-level opening-up and shares development opportunities with the world. Ren Hongbin, president of the China Council for the Promotion of International Trade, said that in the past 11 years, the "the Belt and Road" has driven nearly $1 trillion in investment, and more than 3000 projects have been built in the "the Belt and Road" countries, creating 420000 jobs. The Chinese market provides innovation inspiration and development opportunities for enterprises. Honeywell is committed to integrating the three major business development trends of automation, future aviation, and energy transformation with the actual development of China, continuously developing products and technologies that meet the needs of Chinese customers, further consolidating the foundation of long-term development in China, and jointly promoting industrial upgrading with Chinese partners. Honeywell China President Yu Feng said, "The scale, innovation vitality, and economic resilience of the Chinese market provide fertile soil for the development of multinational enterprises in China. China's development prospects in digital economy, green and low-carbon fields also show opportunities for many enterprises. Honeywell will continue to deeply cultivate the Chinese market." Li Dongsheng, founder and chairman of TCL Technology Group Co., Ltd., said that in the future, "going global" is an important direction for the development of China's manufacturing industry, and the development of Chinese enterprises will make greater contributions to global economic growth. At present, TCL's overseas production bases are distributed in 7 countries, including Vietnam, Indonesia, India, Pakistan, Poland, Mexico, and Brazil, and continue to expand its overseas layout. Chen Liming, Chairman of the Greater China Region of the World Economic Forum, expressed confidence in China's economic prospects. The Summer Davos Forum provides a good opportunity to promote global innovation dialogue and will create new opportunities for sustainable development of the world economy. Recently, international institutions such as the World Bank and the International Monetary Fund have raised their expectations for China's economic growth this year, indicating the international community's confidence in China's economic development prospects. Not far from the Dalian International Convention Center, the Dalian Trading Plaza, invested and developed by Japan's Eurex Group, opened in March this year. At the Summer Davos Forum in 2009, Eurex Group decided to invest and develop in Dalian, becoming the first multinational financial group to establish its headquarters in China in Dalian. Over the past 40 years of being rooted in China and 15 years of settling in Dalian, Ulyssa Group has continuously developed and expanded its capital and production, and has always been optimistic about the Chinese market. Liu Guoping, the Chairman of the Greater China region of the group, stated that Oulishi values the growth potential and opportunities brought by the Chinese government's increasing emphasis on digital transformation and sustainable development. The increasingly favorable business environment, strong supply chain foundation, abundant talent resources, and innovative policy orientation have provided strong support for Euler's choice of China and investment in China. China has always been one of Euler's most important overseas markets. Currently, China has become an important trading partner of more than 140 countries and regions, maintaining its position as the world's largest country in goods trade for seven consecutive years, and firmly ranking as the world's second largest consumer market, first largest online retail market, and second largest import market. "As an indispensable participant in the world economy, it is expected that China's contribution to global economic growth will remain at a high level in 2024," said Chen Liming. (Lai Xin She)
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