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E-mail China Daily, March 26, 2025
Participants talk during a tea break of the China Development Forum 2025 in Beijing, capital of China, March 23, 2025. [Photo/Xinhua]
The China Development Forum 2025, held in Beijing from Sunday to Monday, has once again shown itself to be a pivotal platform for global dialogue on economic growth, innovation and sustainable development. This year's theme was "Unleashing Development Momentum for the Stable Growth of the Global Economy".
The forum brought together over 100 international leaders, including the CEOs of Fortune 500 companies, heads of international organizations and renowned scholars, to discuss both pressing global challenges and new opportunities.
It underscored China's commitment to fostering international cooperation amid a complex global economic landscape. Topics such as macroeconomic policies, technological innovation, green development and artificial intelligence were at the forefront. Notably, the forum highlighted China's role as a "stabilizing anchor" for the world economy, particularly through its emphasis on high-quality development.
As the world's second-largest economy, China has consistently championed the construction of an open world economy based on universal benefits and inclusiveness. This approach injects some much-needed stability and confidence into the global economy.
The forum placed a strong emphasis on innovation as a catalyst for global economic growth. Discussions on AI, digital transformation and the development of new quality productive forces highlighted China's strides in technological advancement. As China transitions from being the "world's factory" to a global hub of innovation, the public goods provided by its new quality productive forces are enhancing its appeal in an open world.
Despite the optimistic outlook, the forum did not shy away from addressing challenges such as the rise of protectionism, geopolitical tensions and the need for inclusive growth. No country can tackle the global challenges and the double-edged sword of the technological revolution alone. The forum gathered the wisdom of all parties to explore ways to address these shared challenges. So, China's efforts to deal with real estate market risks, local government debt and financial stability were discussed as critical steps toward ensuring long-term economic health.
The forum has demonstrated its role as a bridge between China and the world, laying the ground for a more stable and prosperous global economy, and stands as a testament to the power of a shared vision and collective action in shaping a more stable and prosperous global future.
Currently, the global economy is experiencing a slow recovery characterized by insufficient momentum, imbalanced growth and increasing fragmentation because of escalating geopolitical conflicts, and the entrenchment of unilateralism and protectionism.
Against this backdrop, China remains steadfast in promoting high-quality development and expanding high-level opening-up. By creating a first-class business environment that is market-oriented, law-based and internationalized, China is sending a strong signal of investment cooperation and shared opportunities to the world.
