(Source: China International Television 2025-6-26)
At the 16th Summer Davos Forum, in the context of sluggish global economic growth, China demonstrated its multiple roles as a global economic "stabilizer", innovation engine and open cooperation platform with practical actions and strategic vision, injecting certainty and new momentum into the world's economic recovery. On June 26, 2025, Professor Yang Hangjun, Vice Dean of the w88 casino of International Economics and w88 at the w88 casino, accepted a live interview with China International Television's "China 24" column. The following is the content of the interview:
Moderator: At this Summer Davos Forum, China’s ability to promote global economic innovation and high-quality development has attracted much attention. How do you see China's role in this?
Yang Hangjun:First, the stabilizer and growth engine of the global economy: China contributes about 30% of global economic growth and is the main trading partner of more than 150 countries and regions. Its transformation towards advanced manufacturing, green technology and domestic demand has effectively stabilized the turbulent global supply chain. As Premier Li Qiang emphasized, China is moving from the "world's factory" to a "super large consumer market". While importing high-quality goods and services, it also exports innovative products such as electric vehicles. Second, technological leadership advantages: China is a global leader in the number of artificial intelligence patents and digital infrastructure such as 5G. Large models represented by DeepSeek demonstrate cost-effective AI deployment capabilities and help build cost-controllable smart factories. Third, pioneer in green transformation: In 2024, 86% of China’s newly installed power generation capacity will come from renewable energy, attracting more than US$800 billion in clean energy investment. Projects such as China Southern Power Grid’s cross-border clean power grid have helped countries such as Vietnam and Laos effectively reduce power outages. Fourth, practitioners of open cooperation and participants in the rules: China continues to expand foreign investment access, and GE Healthcare’s global bonded maintenance business in the Tianjin Pilot Free w88 Zone is a typical case of institutional openness.
Host: How do recent innovations in the global market affect traditional industries? Which industries will benefit the most?
Yang Hangjun:Recent innovations in the global market have had a profound impact on traditional industries, mainly focusing on intelligent transformation, industrial chain reconstruction, green upgrades and the emergence of new business models. Technologies such as artificial intelligence and big data promote traditional industries to move toward intelligence. For example: cognitive robots (AI + spatial intelligence) help realize independent manufacturing; digital twins (sensors + AI simulation) can significantly optimize efficiency in aerospace, medical and other fields. Technological innovation promotes the extension of the industrial chain to high value-added links. For example, traditional manufacturing has shifted from simply producing hardware to a "product + service" model, collecting data through smart terminals and providing value-added services. I think the industries that will benefit the most are concentrated in the manufacturing, medical and health, energy and chemical industries. For example, BYD's battery technology has reshaped the automobile supply chain; China's photovoltaic industry has built an integrated "manufacturing-energy storage-grid" chain, effectively reducing global costs. In the field of medical and health care, artificial intelligence-assisted diagnosis and drug research and development are accelerating, significantly reducing medical costs.
