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Global guests shared forward-looking ideas on green development and common prosperity amid a fast-changing world at the 2024 World Economic Forum Annual Meeting of the New Champions, or Summer Davos, being held from Tuesday to Thursday in northeast China's coastal city of Dalian.
With the theme of "Next Frontiers for Growth", this year's forum covers six key pillars, including "A New Global Economy", "China and the World," "Entrepreneurship in the Age of AI," "New Frontiers for Industries," "Investing in People," and "Connecting Climate, Nature and Energy."
At a sub-meeting focusing on future economic growth on Tuesday, international officials and experts said the world must adopt a long-term attitude towards global issues, such as energy transformation and food security.
"It does put up many challenges, particularly in the developing markets and emerging economies, where this is far more difficult to do it, the enabling environment is not always there. Going green is a transition, it is an effort you have to make knowing that you want to be in the long term," said Amina Mohammed, Deputy Secretary-General of the United Nations.
Regarding the geopolitical tensions and conflicts worldwide, guests also underscored the importance of fostering unity and cooperation between countries around the world to jointly respond to global challenges.
Some called for an improved understanding and recognition of the shifting and rebalancing the economy is facing in the multipolar world.
"We are putting on the weight diplomatically on making this world a better place. So we continue working firmly with our global partners towards the geopolitical tensions globally," said Faisal Alibrahim, the Saudi Arabian Minister of Economy and Planning.
"The emergence of multiple different centers of the world has sustained that growth. Globalization is no longer a Western-centered story, it is something that engages regions all over the world, most dramatically this one here, the Indian Ocean economy and the Pacific," said Adam Tooze, a professor at Columbia University's department of history.