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Countries must be broad-minded so world can better tap potential of tech and green frontiers

chinadaily.com.cn | Updated: 2024-06-25 19:48

An aerial drone photo taken on June 24, 2024 shows the Dalian International Conference Center, venue of the 2024 Summer Davos, in Dalian, Northeast China's Liaoning province. [Photo/Xinhua]

The attention the world is paying to the three-day 15th Annual Meeting of the New Champions, also known as the Summer Davos, which opened in Dalian, Liaoning province, on Tuesday, reflects the international community's confidence that it can help promote sustainable growth and inclusive development.

Some 1,600 leading figures from the public and private sectors across nearly 80 countries and regions have gathered to explore ways to put meat on the bones of the theme: "Next Frontiers for Growth".

With the world economy battling the headwinds of protectionism, global volatility, high inflation and worsening debt issues, the event provides a platform for policymakers, entrepreneurs and researchers to pool their wisdom to help the world overcome the challenges to growth by tapping the potential of the new technology revolution. While some developed economies are resorting to punitive tariffs targeting Chinese products, such as new energy vehicles and photovoltaic products, these green products help alleviate global inflationary pressures and make a positive contribution to global efforts to address climate change.

If countries only think about maximizing their own interests, and even turn their back on the wheel of history by pursuing decoupling and cutting the industry and supply chains that have been formed, they will only sever the economic ties between regions and erect barriers to cooperation.

By building "small yards with high fences" in this way, they will raise the cost of global economic operations and aggravate the contradictions and disputes that are the obstacles to growth.

To make a bigger pie to share, development needs to be approached with a broader horizon and mindset, as Chinese Premier Li Qiang said in his address at the opening of the forum. Li reaffirmed China's commitment to pursuing technological innovation and green growth with countries based on openness, inclusiveness and cooperation.

Li said that the exploration of the next frontiers for growth should not be a zero-sum game but a game in which all benefit. He called on countries around the world to deepen their scientific and technological exchanges and cooperation, saying that unilateral and protectionist policies cannot stifle the development of others, but only shackle those countries carrying out such policies.

To continuously expand the boundaries of development, countries should work together to promote trade and investment liberalization and facilitation. To that end, China is making concerted efforts to ensure it has a market-oriented, law-based and internationalized business environment.

While striving to fully unleash the innovative potential of enterprises and generate new quality productive forces that are indispensable for the country's own high-quality development, China is playing its part in promoting common development and the sustainable growth of the world economy by working with like-minded partners to blaze a trail in the new frontiers.

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