During the Vision China event on Dec 5, Otton Solis, former presidential special adviser of Costa Rica, emphasized that the globalization of high-quality development shouldn't be hindered by geopolitical competition or zero-sum game mentality. These negative factors must be effectively managed.

The Asian Development Bank has witnessed China's shift from prioritizing high growth to emphasizing high-quality development, and it will continue to work alongside China in pursuing and promoting the goal of high-quality development in the future, said Safdar Parvez, country director for Asian Development Bank resident mission in the People's Republic of China at the latest Vision China event, themed "High-Quality Development: Shaping the Future".

Steven Alan Barnett, International Monetary Fund's Senior Resident Representative in China, mentioned that giving the market a more decisive role in the allocation of resources is key to increasing total factor productivity. He made this statement at the latest Vision China event, themed "High-Quality Development: Shaping the Future", on Dec 5.

"China is not going to just aggregately increase the size of the economy, but also focus on the quality of life of all Chinese people," said Song Yang, professor of School of Economics at Renmin University of China, at the latest Vision China event, themed "High-Quality Development: Shaping the Future" on December 5. 

"When you think about what China stands for, they are innovating, it's a lot about user centricity. Once you have found a good solution, you're really scaling things. That's something which China really stands out when it comes to innovation globally," said Marc Horn, president of Merck China at the latest Vision China event, themed "High-Quality Development: Shaping the Future" on December 5. 

"There's no one that's not allowed to come to China," said Jack Perry, Chairman of the 48 Group, CEO of London Export Corporation in Vision China event, December 5, 2024. He also proposed that containing China's development is not going to work, because China has probably already thought this through. 

"China has the raw material, has all the industrial capacity, and China also has an industry policy which has a sound record in terms of execution with the China speed. We are extremely willing to work together with our ecosystem here in China to develop a China strength which helps to decarbon of the global aviation," said George Xu, CEO Airbus China at the latest Vision China event, themed "High-Quality Development: Shaping the Future" on December 5. 

European aircraft manufacturer Airbus sees Asia, especially China, as the growth engine for the global aviation industry as the country's civil aviation sector has proved to be one of the most resilient markets in the world, said George Xu, Airbus executive vice-president and Airbus China CEO.

"As the world's second-largest economy, China had a steady growth this year and has entered the path of high-quality growth. Airbus is committed to the China market, and will continue to be a long-term partner with China," Xu said during a Vision China event in Beijing on Thursday.

While the government has made particular efforts to expand domestic demand, increase residents' incomes and improve infrastructure construction, high-quality development will offer more opportunities for the aviation industry, and growing urbanization will also trigger demand for air travel, he said.

China should create more opportunities for the poor, reduce labor market discrimination and equalize basic public services to achieve common prosperity, said Song Yang, a professor at the School of Economics at Renmin University of China, during the latest Vision China event held in Beijing on Thursday.

The country aims to make substantial progress in achieving common prosperity by 2035 and basically fulfill this goal by 2050, according to the nation's 14th Five-Year Plan (2021-25).

China is on the right track to achieving common prosperity, which refers to all people being able to make a good living. The effort includes two components — growth and distribution, Song said during the event.

China's opening-up efforts and high-quality development benefit both its domestic market and foreign countries, and cooperation rather than isolation is how countries should seek to jointly identify problems, possibilities and solutions, Jack Perry, chairman of the 48 Group, and CEO of London Export Corporation, said on Thursday.

Continuing a 70-year tradition of getting to know China better and seeking cooperation with the nation, Perry said the speed of China's growth is significant, and the focus of the country's leadership is high-quality development, high-level opening-up and new quality productive forces, which are not just words but also a statement and a window into China's forward thinking for the future.

In 1952, Perry's grandfather, Jack Perry Senior, started trade relations in China with a line of credit from Bank of China. In 1953, he led a delegation on an icebreaker mission to the country and signed a trade agreement for 30 million pounds ($38.18 million) in Beijing. The next year, the 48 Group was officially established.

German sci-tech giant Merck has pledged closer collaboration with Chinese companies as the nation advances its innovative capabilities, a senior executive from the company said on Thursday.

Marc Horn, president of Merck China, said that China stands out as a global leader in innovation, driven by key strengths in several areas such as adaptability and scalability.

"Its remarkable adaptability allows for quick responses to market changes, while a culture of collaboration fosters creativity and progress. The focus on user-centricity ensures that inventions meet consumer needs, supported by a bold spirit of risk-taking and experimentation that encourages exploration of new ideas," Horn said.

With China's proactive policy taking effect, the Asian Development Bank expects the growth of the Chinese economy this year will be within the target range of about 5 percent, which was announced by the government early this year.

Safdar Parvez, country director for China at the bank, said on Thursday that there was a positive outlook for the world's second-largest economy in both the short term and long term.

"The (Chinese) economy remains steady, growing at 4.8 percent in the first nine months of this year. This has been supported by strong export performance and policy measures to boost demand and improve the property sector situation," he said.

The reforming efforts China has made over the past 40-odd years have brought fruitful results in terms of economic development, and the country is expected to continue being the major growth driver for the global economy, said a senior official at the International Monetary Fund.

"China's growth was the result of reforms that China undertook to generate that growth, not a miracle. That's a lesson actually for the world and the country itself going forward — growth depends on reform," said Steven Barnett, the IMF's senior resident representative in China, in Beijing on Thursday.

In terms of how to keep pushing ahead with reforms, Barnett said China needs to boost market-oriented development.

With the global economy entering a period of turbulence and change, embracing openness and fostering new quality productive forces will enable China to generate fresh economic momentum and strengthen its competitive advantages, paving the way for sustainable and high-quality growth, a scholar from the University of International Business and Economics said on Thursday.

Huang Baoyin, Party secretary of the Beijing-based UIBE, said that as the global economy grapples with the spread of unilateralism and protectionism, developing new quality productive forces is essential for seizing opportunities and addressing challenges through expanded opening-up. Enhancing capabilities and standards of openness through international cooperation will also benefit the country.

New quality productive forces are advanced productivity measures freed from traditional economic growth modes and productivity development paths. Such forces are high-tech, high-efficiency and high-quality, and are in line with China's new development philosophy.

China's high-level openness will offer a vast market and win-win opportunities to the world in the face of an international landscape marked by the rise of unilateralism and protectionism, said Qu Yingpu, publisher and editor-in-chief of China Daily, on Thursday.

"The world is now in a period of turbulence and transformation," Qu said. "Economic fragmentation is being exacerbated, while globalization is encountering headwinds. The world is facing a stern test of either forging ahead against the current or losing ground."

Private enterprises are expected to lead and contribute to China's major national technological projects, as the country's private sector bids to become a critical driver of technological innovation, economic growth and international cooperation, said a senior official from a national body serving the sector on Thursday.

Qiu Xiaoping, vice-chairman of the All-China Federation of Industry and Commerce, said: "In China, the private sector's role in driving innovation has never been more crucial. Major national scientific and research infrastructure is being further opened up to these private enterprises, allowing them to lead or collaborate on more groundbreaking projects."

Qiu, who is also a member of the Leading Party Members' Group of the federation, said that rising Chinese private enterprises are doubling down on their investments in strategic emerging industries from high-end manufacturing to advanced materials.

China's steadfast pursuit of high-quality development, which focuses on high-level opening-up and deepened reforms to further stimulate growth while bolstering economic resilience, not only serves the nation's interests, but also injects positive factors into global development, according to experts, business leaders and government officials from home and abroad.

They also said on Thursday that more efforts are needed to enhance the international community's understanding of China's economic outlook and the global benefits of its high-quality development, which they described as critical for shaping a better future for the world.

Watch the latest Vision China event, themed "High-Quality Development: Shaping the Future"! On December 5, renowned economists from China and abroad will engage in dialogues focused on China's high-quality economic development, sharing vivid stories and valuable insights from China's modernization journey.

"It was almost like a treasure hunt, we found so many treasures along the way," said Elyn Machlnnis, the founder of "Friends of Kuliang", at the Vision China event in New York on September 12.

At the Vision China event in New York on September 12, Sarah Lande, an "Old Friend" from Muscatine, Iowa, who hosted President Xi Jinping in 1985 and 2012, reflected on their first meeting in 1985. In 2012, President Xi returned to Iowa, and the two reconnected. When recalling the precious memory of reuniting with President Xi, Lande said, "he said you are the first people in America I met, and to me you are America."