China’s stable economic growth is of great significance to global recovery: WEF president

China’s stable economic growth is of great significance to global recovery and “what happens in China, of course has huge impact on the rest of the world, and vice versa,” World Economic Forum (WEF) President, Borge Brende, said in an interview with Xinhua News Agency.

The WEF 2022 Annual Meeting will be held in Davos, Switzerland, from Sunday to Thursday. It will focus on the unprecedented global challenges governments are currently facing, including post-pandemic recovery, the Ukraine crisis and climate change.

In the face of the COVID-19 pandemic, China’s economic growth faces some short-term challenges but the Chinese government is taking measures such as expanding domestic demand, reducing dependency on exports and cultivating high value-added industries to ensure economic growth.

According to the agenda, the WEF will organize a number of events that focus on the economic growth and low carbon development of China.

On Monday, speakers including John Tuttle, Vice Chairman and Chief Commercial Officer of NYSE Group Inc, Jonathan Krane, Chief Executive Officer of Krane Shares, and Marcos Troyjo, President of the New Development Bank (NDB) will attend a session featuring China’s investment and economic outlook in 2022.

On Tuesday, Xie Zhenhua, China’s Special Envoy for Climate Change will attend a session themed Safeguarding Our Planet and People.

John Kerry, US Special Presidential Envoy for Climate will also be attending this session. This will mark the first interaction between Xie and Kerry since their meeting at the 2021 United Nations Climate Change Conference in Glasgow.

There will also be a session on Tuesday that focuses on China’s efforts in driving the energy transi-tion as Chinese government pushes forward in clean energy. Speakers including Daniel Yergin, Vice-Chairman of S&P Global, and Zhigang Zhang, President of the State Grid Corporation of China, will be attending the session.

Source: Global Times

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