“The many changes in the world economy underscores the need for such exchanges,” said Dusek, highlighting factors such as the US tariffs.
He added that world leaders are looking to understand how their countries can remain competitive and resilient amid technological advancements and rapid changes to the world economy.
He said international business leaders are also looking at how they can invest in various sectors in China, including energy and artificial intelligence.
“AI … and other technologies (are) reshaping industries and societies,” said Dusek, adding that another trend companies and governments are “betting on” is energy transition, a key topic of discussion at the meeting.
CHINA HOPES TO ATTRACT MORE INVESTMENT
Chinese officials are hoping the Summer Davos can showcase business opportunities in the country and woo foreign investors.
“The openness of the world is declining, unilateralism and protectionism are intensifying,” said Chen Shuai, deputy director-general of international cooperation at China’s National Development and Reform Commission.
He noted that multilateralism and free trade are facing severe challenges.
“Against this background, we feel that the convening of the annual meeting itself is a strong signal of support and response to economic globalisation,” he said.
This is the eighth time that Tianjin is hosting the Summer Davos, alternating with the northeastern port city of Dalian.
