“China’s economy is currently transitioning from high-speed growth to high-quality growth,” aforesaid His Excellency Wang Zhigang, Special Envoy of President Xi Jinping and Chinese Minister of Science and Technology.
During a session titled ‘The Rise of the Dragon: China’s Success in Leading the globe of Technology’ at the seventh edition of the globe Government Summit (WGS 2019) in metropolis, he recounted China’s success story and disclosed what lies future for the longer term of science and technology within the world’s second-largest economy.
His Excellency Wang Zhigang spoke regarding the role the digital economy can play in China’s next chapter of high-quality growth, touching upon the theme of technology convergence. Citing samples of China’s success, he reiterated the necessity for heightened responsibility and self-regulation by technology firms, as governments offer associate degree facultative system that promotes digital innovation.
He additionally emphasized the importance of change instructional programs to mirror a new trendy, innovation-led approach.
“China has maintained its investment into the analysis and development (R&D) of recent technology, that accounts for twenty percent of worldwide R&D expenditure,” additional His Excellency Wang Zhigang as he spoke regarding his country’s commitment to leading technology innovation worldwide.
What is more, he highlighted the potential of digital innovation to rework producing through harnessing new technologies, like automation, AI, and 3D printing. He additionally explored the subject of inclusivity through innovations within the Internet of Things (IoT).
Finally, he invited Arab countries to forge scientific collaborations below the Belt and Road Initiative.
China has assumed an active role on the global stage, influencing world policy choices, and harnessing technology to realize economic success. The state vies a significant role in realizing the UN’s millennium development goals (MDGs) of reducing extreme economic condition rates by half. Because it witnesses retardation in economic activity, particularly within the producing sector, China is poised to launch the subsequent wave of growth.
The three-day World Government Summit 2019 runs till day at Madinat Jumeirah in the metropolis. The landmark event has convened over four thousand participants from one hundred forty countries, as well as heads of state and governments, further as top-tier representatives of thirty international organizations.