Hey folks! 😊 Amid global ups and downs, China's shift from breakneck speed to high-quality growth is giving the world's economy a much-needed boost. According to Maroun Kairouz, managing director of the World Economic Forum, this strategic pivot centers on innovation, productivity and long-term stability.
For example, in 2024 China poured $818 billion into clean energy – 20% more than the year before. 🌱 At the same time, the digital economy – powered by AI, advanced manufacturing and digital services – is ramping up efficiency across industries.
One cool stat: nearly 40% of the WEF's 'Global Lighthouse' factories are in China, showing how Fourth Industrial Revolution tech (think AI, IoT and smart manufacturing) can scale up productivity and sustainability. 🤖🏭
These reforms don't just make China more resilient – they open doors for global partnerships in green tech, digital trade and beyond. In a world of rising trade barriers, multilateral mechanisms can help balance healthy competition with open markets.
Looking ahead, China's integrated approach to industry, digitalization and climate strategy offers a playbook for other emerging markets facing AI-driven job changes. And with the Annual Meeting 2026 theme 'The Spirit of Dialogue,' trust and open conversation are key to tackling shared challenges.
Bottom line: China's high-quality growth is more than a buzzword – it's a stabilizer for the global economy in 2026 and beyond. 🌍✨
Reference(s):
China's high-quality growth adds stability to global economy: expert
cgtn.com
