China advances reform, opens up

Since its inception years ago, the Summer Davos Forum has borne witness to the efforts by various countries to tackle the global financial crisis and bring about global recovery. As a gathering of new champions in the business community, the Forum has contributed forward-looking insights to the quest for new pathways and engines for global growth and transformation.

It is encouraging to note the collective global recovery that has emerged following a tortuous journey. This recovery is, to a large measure, driven by the new round of industrial revolution and a new boom in innovation, which has lent fresh impetus to global economic development. That said, our world is faced with rising uncertainties and destabilising factors, and a growing backlash against globalisation. How to boost the new drivers to secure sustained growth of the global economy is a key area of concern for all of us. In this context, the theme of this Annual Meeting, “Shaping Innovative Societies in the Fourth Industrial Revolution”, cannot be more relevant.