WEF managing director: China’s shift to high-quality growth injects stability into global economy

China’s move from high-speed to high-quality development is providing vital momentum and stability for the global economy, says Maroun Kairouz, Managing Director of the World Economic Forum. He highlighted China’s focus on innovation, clean energy, and advanced manufacturing, noting that $818 billion was invested in clean energy in 2024—a 20% increase from the previous year.
Kairouz pointed to China’s digital economy and “Global Lighthouse” factories as examples of how technology is driving productivity and sustainability. He emphasized that China’s competitive supply chains and green technology have global implications, helping address climate and trade challenges.
Amid rising protectionism, Kairouz called for multilateral dialogue, stressing that international cooperation is essential for trust, growth, and stability in a complex global environment.
Credit : CGTN