--Contribute wisdom to the sustainable development of China and the world economy

■ China Economic Times reporter Zhang Na

The 2024 Annual Meeting of the China Development Forum opens in Beijing on March 24. Li Qiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Premier of the State Council, attended the opening ceremony and delivered a keynote speech. Lu Hao, Chinese Chairman of the forum and Director of the Development Research Center of the State Council, presided over the opening ceremony; Evan Greenberg, foreign Chairman of the forum and Chairman and CEO of Anda Group, delivered a speech.

The forum was hosted by the Development Research Center of the State Council and hosted by the China Development Research Foundation. Leaders from relevant Chinese government departments, global business leaders, main leaders of international organizations and well-known Chinese and foreign scholars conducted exchanges and discussions around the forum theme of "Sustainable Development of China".

This forum consists of an opening ceremony, special seminars, closed-door meetings and other links. After the opening ceremony, a symposium on "The Dynamics and Prospects of China's Sustainable Development" was launched immediately. Zheng Zhajie, Director of the National Development and Reform Commission, Lan Fo 'an, Minister of Finance, Peng Anjie, President of the World Bank Group, Kristalina Georgieva, President of the International Monetary Fund, Masaji Asawa, President of the Asian Development Bank, Jin Liqun, President and Chairman of the Board of Directors of the Asian Infrastructure Investment Bank, Thomas Sargent, Professor of New York University and 2011 Nobel Prize winner in Economics, Professor of the London School of Economics, Christopher Pisarides, winner of the 2010 Nobel Prize in Economics, delivered separate speeches. Zhang Laiming, deputy director of the Development Research Center of the State Council, presided over the meeting.

Zheng Zhajie pointed out in his speech that China's cultivation and development of new productive forces and promotion of high-quality development will provide domestic and foreign investors with unlimited possible market opportunities and extremely broad development prospects. He said that China's innovation will create huge business opportunities. China is promoting deep-level reform, high-level opening up and all-round innovation, accelerating the construction of a modern industrial system supported by advanced manufacturing, and promoting the accelerated transformation of old and new driving forces. New market demands, new investment opportunities, and new cooperation projects will emerge in large numbers, providing a broad space for various enterprises to achieve mutual benefit and common development in China.

In his speech, Lan Fo 'an said that the Ministry of Finance will continue to organically combine the strategy of expanding domestic demand with deepening supply-side structural reforms, expand profitable investment, stimulate potential consumption, and enhance the role of domestic demand in driving economic growth. Not long ago, the State Council issued the "Action Plan to Promote Large-scale Equipment Renewal and the Exchange of Old Consumer Goods for New Products." The Ministry of Finance will adhere to the linkage between the central finance and local finance to support large-scale equipment renewal and the exchange of old consumer goods for new ones. At the same time, it will also promote the construction of a unified national market, treat state-owned enterprises, private enterprises, foreign-funded enterprises and other business entities equally in terms of tax incentives, government procurement, etc., and continue to build a market-oriented, legal and international business environment. Consolidate the fundamentals of foreign trade and foreign investment, and enhance the linkage effect of two resources in both domestic and international markets.

Peng Anjie revealed that this summer, the World Bank will launch a new guarantee platform to simplify processes, enhance accessibility and speed up payment execution. This will help achieve the goal of tripling annual guarantee issuance to US$20 billion by 2030 and gradually triple the amount of private capital mobilized.

Kristalina Georgieva said that focusing on China, we see a new era of high-quality growth. China's economy will rebound strongly after the epidemic in 2023, growing by more than 5%. In the medium term, China will continue to be a key contributor to global economic growth. She believes that for the global economy, monetary and fiscal policies need to be carefully adjusted in the coming year to ensure a soft landing of the economy and reduce inflation while maintaining solid growth.

On the afternoon of the 24th, the forum held three parallel symposiums on the themes of carbon neutrality and global climate governance, artificial intelligence development and governance, and big health industry. Zhao Yingmin, Vice Minister of Ecology and Environment, Wu Zhaohui, Vice Minister of Science and Technology, and Huang Guo, Deputy Director of the State Food and Drug Administration, delivered keynote speeches. Bai Zhongen, Dean of the School of Economics and Management at Tsinghua University, and Tim Cook, CEO of Apple; Li Shi, a senior professor at Zhejiang University, and James Heckman, professor at the University of Chicago and winner of the 2000 Nobel Prize in Economics; Ai Bole, Chairman and CEO of Pfizer, and Li Daokui, Dean of the Institute of Chinese Economic Thought and Practice at Tsinghua University, had a wonderful dialogue at the symposium. The three symposiums were chaired by Zhang Shunxi, deputy director of the Development Research Center of the State Council, Gao Shiji, director of the Institute of Resources and Environmental Policy of the Development Research Center of the State Council, and Li Jianwei, director of the Social and Cultural Development Research Department of the Development Research Center of the State Council.

On March 25, the forum will also hold four symposiums on topics such as opportunities for China's sustainable development and international cooperation, global economic growth trends, digitally empowered industrial transformation, new consumption and the release of domestic demand potential, and discuss relevant important and cutting-edge issues. Conduct exchanges and discussions.

The China Development Forum adheres to the purpose of "dialogue with the world and seeking common development" and focuses on releasing the signal of China's opening up to the outside world. Since its establishment in 2000, it has developed into a service for central decision-making and the country's foreign economic exchanges, and promoting exchanges and cooperation between Chinese and foreign enterprises. important platform.