The World Economic Forum 2023 ‘’Summer Davos’’ commenced on Tuesday, June 27, in Tianjin, China. The forum’s 2023 theme is ‘Entrepreneurship; The Driving Force of the Global Economy’.
The 3-day event will mainly focus on encouraging entrepreneurship, enlivening innovation and exploring various paths toward economic recovery and sustainable development in Asia and around the world.
With government officials, academics and over 1,500 industry leaders from 90 countries in attendance, the event will not only have intriguing discussions but also forge meaningful collaborations that will benefit the attendees. Among those who were in attendance during the opening is Klaus Schwab who is the founder of the Forum.
Chinese Premier, Li Qiang delivered his speech during the opening ceremony. He emphasized the importance of communication urging countries to strengthen dialogue, bridge differences and enhance consensus to avoid misunderstandings and miscalculations.
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He also talked about solidarity and cooperation saying the pandemic will not be the last global crisis as it still faces climate change, debt risks, slowing economic growth and a widening wealth gap among others.
He further called for unity in solving problems urging the international society to collaborate in sorting out global challenges.
Mr Li also pointed out the need for global cooperation on trade and economic growth saying, ‘’ As you know, some in the West are hyping up the so-called phraseologies of reducing dependencies and de-risking… These two concepts, I would say, are false propositions.’’
‘’As economic globalization has already made the world economy an integral whole where everyone’s interests are closely entwined, countries are interdependent, interconnected with each other, on their economies,’’ he added. ‘’We can enable each other’s success.’’
Additionally, he talked about China’s annual growth target of about five per cent, ‘’From what we see this year, China’s economy shows a clear momentum of rebound and improvement,’’ the Premier said.
This is the first in-person event being held in China after three years due to the COVID pandemic. It is expected to help countries that are present to have a better understanding of the country’s high standards, opening up policies and gaining confidence in long-term investments.
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The Forum has six core themes: rewiring growth; China in the global context; energy transition and materials; safeguarding nature and climate; post-pandemic consumers and deploying innovation.
The World Economic Forum is a not-for-profit foundation founded by Klaus Schwab. It engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas.
