Business / Economy

China set to be focus of Davos 2014

(Xinhua) Updated: 2014-01-21 11:23

In the context of these three dimensions, how China - the world's most dynamic economy - lives up to its role in the reshaping of the world and how the world judges its reform will become the focus of Davos 2014.

Historically, on the stage of Davos, China is a latecomer, but a highlight.

From the initial cooperation with the forum in 1979 to the hosting of the first Summer World Economic Forum in 2007, China has played an increasingly important role in the global event and discussions on topics concerning China have also gone further with each gathering of business leaders and political dignitaries.

Davos has witnessed the historic process of China's role change from a listener to a speaker on the global stage. The Asian giant participated in reshaping the world and at the same time got reshaped by a changing world.

In Davos and also other such occasions, China has been thinking about its changing relations with the world.

At the upcoming conference from Wednesday to Saturday, participants will focus on the Chinese economy changing its track of high-speed growth to moderate, but more wholesome development; They will assess the catalytic effect of China's financial reform on the country's systematic overhaul and deliberate the global benefits that could come with China's further opening-up.

Attendees will also ponder on China's positioning in global economic governance and the consequent impact of that positioning, and debate whether China is a stabilizer or destabilizer, at a time when it is exporting values and its language as well as commercial goods.

In a bigger landscape that has both historical and global dimensions, China's story of development is helping the emerging power know itself better, and its observation of the world's current and future situation affects the whole world as well.

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