At the 2024 Boao Forum for Asia, China doubled down on its commitment to high-quality development, green innovation, and global collaboration. Top legislator Zhao Leji delivered a compelling case for why investing in China is investing in the future , citing ambitious reforms, climate goals, and a tech-driven market poised to reshape global economies.
Here’s the deal: China’s economy grew by 5.2% in 2023 and is targeting another 5% growth this year. But it’s not just about numbers—Zhao highlighted green energy (think solar power and EVs dominating half the global market) and a booming digital economy worth over $7 trillion. Plus, the country’s reforms include slashing investment barriers for foreign businesses, signaling wider access to its 1.4B-strong consumer base.
“Investing in China is investing in the future”, Zhao declared, pointing to a $1.4 trillion annual green tech market and breakthroughs in AI, quantum computing, and more.
But it’s not just about China. Zhao urged Asia to unite against protectionism and geopolitical tensions, emphasizing that 49% of global GDP now comes from the region. With initiatives like the Regional Comprehensive Economic Partnership (RCEP) fueling trade, Asia’s growth story is far from over—despite challenges like slowing global demand.
Key takeaway? China’s push for open markets and sustainable tech aligns with global trends. For young professionals, entrepreneurs, and eco-conscious investors, this could be the golden ticket.
Reference(s):
China deepens reform and opening up, appeals to global investors
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