According to a top official from the World Economic Forum (WEF), China’s economic resilience stems from its long-term strategy of investing in technology and human capital. Gim Huay Neo, a WEF managing director, highlighted this ahead of the Summer Davos forum in Tianjin, noting that the expected attendance of 1,800 global leaders signifies strong investor interest in China and Asia.
Neo said businesses are coming to the forum seeking partnerships in advanced manufacturing, technology, and healthcare. She explained that the key “ingredients” for investment—including policy consistency, skilled human capital, and technology readiness—are “pretty strong” in the region, creating a favorable ecosystem for both investors and business partnerships.
In a time of global economic uncertainty, Neo pointed to Asia’s powerful growth engine. Citing projections, she noted that Asia is expected to contribute 60 percent of global GDP growth this year, with China alone accounting for about 30 percent. “The outlook for Asia and China is still pretty strong,” Neo said.
Addressing rising global trade tensions, Neo emphasized the WEF’s commitment to fostering “win-win” collaborations. She said the forum aims to create a platform for constructive dialogue that bridges conversations between China, Asia, and the rest of the world, helping to forge partnerships that benefit everyone.
