In an interview with China Daily, Joe He, managing director and CEO of Australian Capital Equity Greater China, said that China's development of new quality productive forces promises a more efficient allocation of production factors globally and presents a unique opportunity for Chinese companies to enter international markets.

The realm of intellectual property will evolve with the development of artificial intelligence, said Daren Tang, director-general of the World Intellectual Property Organization, adding that he and his organization will continue to focus on placing "human creators and innovators" at the core of their work.

"AI is here to enhance and support human innovation, instead of replacing or destroying it," Tang told reporters last week on the sidelines of the Boao Forum for Asia Annual Conference 2024 in Boao, Hainan province.

China's determination to achieve steadfast economic growth this year and its long-term vision to develop new quality productive forces are expected to inject fresh growth impetus into global economic development, said Zhang Donggang, Party secretary of the Renmin University of China, at the Boao Forum for Asia Annual Conference 2024 in Boao, Hainan province, that ended on Friday.

He took note of China's economic growth target of around 5 percent for this year, after growing by 5.2 percent last year despite a slowing global economy.

Green energy technology is integrated into Boao's Dongyu island, the permanent site of the Boao Forum for Asia in Qionghai, Hainan province.

Rooftop panels, floor tiles and even the curtain wall on the forum's media center are photovoltaic. Bustling roads are populated with renewable energy vehicles. Venues and hotel rooms are equipped by innovative water-cooled air-conditioning systems.

The pressing need of the international community to maintain peace and prevent conflicts is being addressed by the Global Security Initiative, or GSI, which provides feasible solutions to complex security challenges, observers have said.

Current major issues, including the conflict in the Middle East and rising tension in the Red Sea, have shown that the path to world peace and security remains long and arduous, said Vice Minister of Foreign Affairs Chen Xiaodong.

BOAO, Hainan - While highlighting the remarkable achievements unlocked by the Belt and Road Initiative (BRI), participants at the Boao Forum for Asia (BFA) Annual Conference 2024 also called on participating countries to strengthen cooperation in technological innovation and the digital economy.

Since its inception in 2013, the China-proposed BRI has reaped substantial benefits from deepening the "hard connectivity" of infrastructure and the "soft connectivity" of technology, to coordination of standards and rules in its participating countries, said attendees at a panel discussion on high-quality Belt and Road cooperation on Friday.

BOAO, China - In an era fraught with formidable global challenges, the remarkable resilience of China's economy and the collective achievements made across Asian economies have grabbed global attention during the ongoing the Boao Forum for Asia (BFA) Annual Conference 2024 held in Boao, a resort town in China's southernmost island province of Hainan.

With participants from over 60 countries and regions as well as keen observation from experts worldwide, the forum, running from March 26 to 29, has seen a growing confidence in the shared opportunities brought by China's sustainable economic growth and its high-quality development.

BOAO, Hainan - The Boao Forum for Asia (BFA) Annual Conference 2024 concluded Friday in Boao, a coastal town in China's island province of Hainan, with a series of consensus reached.

"All parties are more aware of the challenges facing the world today," said Li Baodong, BFA secretary general at the closing press conference, adding that all countries are encountering common challenges including the sluggish global economic recovery and the persistence of regional conflicts. "Only by working together can we better handle the challenges."

BOAO, Hainan - Energy company executives attending the Boao Forum for Asia Annual Conference 2024 in Boao, South China's Hainan province, have pledged aggressive plans while also calling for more global cooperation to help accelerate energy transition.

At a sub-forum titled "Low Carbon Energy Transformation" held in Boao on Friday, Huang Yongzhang, president of PetroChina, revealed that China's largest oil and gas producer is actively developing its new energy business amid the country's green drive.

BOAO - The high-quality development pursued by China amid its drive to grow new quality productive forces will continue to unleash great potential for growth and business opportunities for multinational companies, according to distinguished speakers at the Boao Forum for Asia (BFA) Annual Conference 2024.

The speakers were attending a panel discussion on the outlook of the Chinese economy during the conference, which runs from March 26 to 29 in Boao, a resort town in southern China's Hainan province.

China's efforts in promoting high-standard opening-up and innovative development will create unlimited market opportunities and broad development prospects for multinational corporations, said corporate executives on the sidelines of a high-level meeting during the ongoing Boao Forum for Asia Annual Conference 2024.

Their comments followed a meeting between China's top legislator Zhao Leji and some representatives of the forum, including top executives of Chinese and foreign enterprises, in Boao in South China's Hainan province on Wednesday.

Transitioning to green electricity, low-carbon and zero-carbon solutions is crucial for sustainable growth as well as the well-being of future generations, said Dora Liu, Deloitte China deputy CEO at Boao Forum for Asia Annual Conference 2024.

At the forum, a major topic is net-zero carbon emissions, with the annual report on sustainable development having been released. It advocates for collaborative efforts among Asian countries to achieve a zero-carbon electricity era.

China's economy is showing signs of steady recovery with effective measures to boost domestic demand and tackle structural issues, participants attending the Boao Forum for Asia Annual Conference 2024 said on Thursday.

Looking ahead, they said boosting consumption and fostering new quality productive forces will be among key priorities for the country to support high-quality development and sustainable growth.

Returning to the negotiation table and exploring means of cooperation is the only feasible and right path to reduce risk and maintain peace and stability in the South China Sea, and it is also the way for regional countries to get along with each other, observers said on Thursday.

They made the remarks during a panel discussion at the Boao Forum for Asia Annual Conference 2024 in Boao, Hainan province, after they agreed that as a geopolitical hot spot, the South China Sea situation is evolving in a larger context of intensifying rivalries, low trust and rising tension.

Nguyen Hung Son, vice-president of the Diplomatic Academy of Vietnam, said that with the world grappling with uncertainties, managing the South China Sea has become more challenging. "We must work together ... to reduce confusion and minimize miscalculation by strengthening strategic communication and dialogue, and we must not send the wrong signal to the other side," he said.

In order to open up further to the world, China will build on a first-class business environment that is market-oriented, based on rule of law and internationalized, top legislator Zhao Leji said, adding that the country will also shorten the negative list for foreign investment.

He made the pledge while delivering the keynote speech at the opening ceremony of the Boao Forum for Asia Annual Conference 2024 in Boao, Hainan province, on Thursday.

On March 28, the opening ceremony of the Boao Forum for Asia 2024 Annual Conference was held in Boao, South China's Hainan province.

Scheduled for March 26-29, the conference attracted more than 1,100 journalists from approximately 40 countries and regions, in addition to nearly 2,000 delegates from over 60 countries and regions. It serves as a platform for high-level dialogue, facilitating comprehensive exchanges and broad cooperation among all participating entities.

"Regardless of which stage of the economic cycle we are in, Australian Capital Equity remains committed to our investments in China," said Joe He, managing director and CEO of Australian Capital Equity Greater China, during an exclusive interview with China Daily at the ongoing Boao Forum for Asia Annual Conference 2024.

Over the past 30 years, it has been fully demonstrated that the economic globalization system has brought sustained economic prosperity to the world, he said.

BOAO, Hainan - China's green and digital innovation is injecting great momentum into its efforts to develop new quality productive forces and promote high-quality development.

The remarks were made by government officials, entrepreneurs and scholars at a sideline forum during the Boao Forum for Asia (BFA) Annual Conference 2024, underway in Boao in South China's Hainan province from March 26 to 29.

MACAO - China's economic landscape is displaying a stable and diversified trend, said Maggie Xiaoqing Fu, a professor at the University of Macao, with positive prospects for the around 5 percent GDP growth target announced during the "two sessions."

The ongoing supply-side structural reforms are pivotal in optimizing the economic structure, the professor in finance and business economics told Xinhua, adding that an increasing proportion of service and high-tech industries can inject new momentum into economic growth.