Global leaders at the World Economic Forum in Davos turned their attention to China’s economic muscle this week, highlighting its critical role in shaping the world’s financial future. From sustainable growth to tech-driven manufacturing, here’s why everyone’s buzzing about the dragon economy.
Chinese Vice Premier Ding Xuexiang kicked off the conversation by spotlighting China’s push for high-quality development, promising a 'green and open' market for foreign businesses. ‘Invest in China,’ he urged, ‘and grow with us.’
The real mic-drop moment came from economist Zhu Min, who revealed that China’s manufacturing sector now makes up 30.3% of global GDP – matching the combined output of the US, Japan, and the Republic of Korea. ‘Cheap, good, and high-tech’ is the new mantra for ‘Made in China,’ Zhu declared at a WEF panel.
Global execs echoed the enthusiasm. Oerlikon’s Michael Suess praised China’s 30-year growth spurt as ‘impressive,’ crediting it with creating ‘wealth for the whole world.’ Meanwhile, WEF’s Mirek Dusek called China a ‘key player’ in reigniting global trade and tech innovation.
One thing’s clear: Whether it’s sustainable biz or next-gen manufacturing, the world’s eyes are on China.
‘Invest in China,’ he urged, ‘and grow with us.’
‘Cheap, good, and high-tech’ is the new mantra for ‘Made in China,’ Zhu declared at a WEF panel.
