Wuxi, the historical city with eye-catching scenery located in East China's Jiangsu province, is revving up development in innovative industries such as the internet of things and intelligent manufacturing, Mayor Huang Qin said during a media interview on the sidelines of the Boao Forum for Asia.
The global economy will find a new driver of growth fueled by continuous improvement of digitization and intellectualization, with digital technology showing huge potential for development, said Chen Shengqiang, CEO of JD Digits, a leading Chinese digital technology company.
China is seeking global partnerships and innovative methods to plug the financing gaps for countries and regions participating in the Belt and Road Initiative to boost infrastructure construction for sustainable development.
China will further promote reform and opening-up while upholding multilateralism and respect for cultural diversity around the world, said Premier Li Keqiang on Wednesday on the sidelines of the Boao Forum for Asia annual conference in Hainan province.
China's cross-border e-commerce is driving small and medium-sized enterprises to participate in international trade and investment, which will add strong impetus to globalization despite rising anti-globalization sentiments overseas, experts and business leaders said.
China Development Bank (CDB), a major policy bank, has financed more than 600 Belt and Road projects totaling $190 billion since the Belt and Road Initiative was proposed in 2013, said CDB president Zheng Zhijie Wednesday.
Further opening up the economy will lead to greater competitiveness and help China upgrade its economy, said Vice-Minister of Commerce Qian Keming.
