Latest news with #16thAnnualMeetingoftheNewChampions
Business Recorder
04-07-2025
- Business
- Business Recorder
Hussain Dawood lauds Pak-China partnership at WEF summit
KARACHI: Chairman of Engro, Hussain Dawood, appreciates enduring China-Pakistan partnership at WEF summit with Chinese Premier, Li Qiang. Hussain Dawood was invited to speak at a Special Dialogue with Li Qiang, Premier of the People's Republic of China, during the World Economic Forum's 16th Annual Meeting of the New Champions. During the session Dawood reaffirmed the enduring all-weather friendship between China and Pakistan. He shared that, in 2013, he was privileged to be part of the delegation to China led by Prime Minister of Pakistan Shehbaz Sharif, which laid the foundation for the China-Pakistan Economic Corridor (CPEC). This landmark initiative has delivered sustained prosperity to both countries, with $62 billion invested in energy and infrastructure projects connecting Kashgar in western China to the deep-sea port of Gwadar in Pakistan. In his remarks, Dawood reiterated Engro's contributions to CPEC projects with key Chinese partners, including China Machinery Engineering Corporation. He further underscored that the cornerstone of these partnerships is mutual trust and openness to long-term planning. Engro's active participation in transformational projects with Chinese partners reflects its commitment to inclusive progress that unlocks a brighter future for all. Copyright Business Recorder, 2025
Bahrain This Week
30-06-2025
- Business
- Bahrain This Week
Bahraini Minister Co-Chairs AMNC 2025, Advocates for Diversification, Regulatory Innovation
H.E. Noor bint Ali Alkhulaif, Minister of Sustainable Development, Chief Executive of the Bahrain Economic Development Board (Bahrain EDB), reiterated the critical importance of diversification, regulatory innovation, and global cooperation in championing economic growth and development within her role as Co-Chair at the World Economic Forum's (WEF) 16th Annual Meeting of the New Champions (AMNC) 2025, held in Tianjin, People's Republic of China from 24 to 26 June. The meeting, which brought together more than 1,700 global leaders across government, business, and academia, focused on advancing new models of economic growth amid global transformation. As one of a select group of Co-Chairs, Her Excellency played a key role in shaping the agenda and contributing Bahrain's perspective on innovation-led development, human capital, and regional connectivity. As part of her participation, Her Excellency attended the event's opening plenary, during which Mr. Wang Xinwei, Governor of Liaoning Province, delivered a keynote speech. During this speech, he emphasized China's commitment to openness, innovation, and shared prosperity in an evolving global landscape, stressing the importance of proactive, long-term cooperation. She also participated in a series of high-level sessions that spotlighted Bahrain's strategic priorities and international engagement, including: Contours of a New Economic Order : discussing how countries are looking to diversify their economies outside of traditional areas of growth and the role that economic coordination with regional partners could play in Bahrain's economic strategy : discussing how countries are looking to diversify their economies outside of traditional areas of growth and the role that economic coordination with regional partners could play in Bahrain's economic strategy MENA–China Trade and Investment Relations: positioning Bahrain as a gateway for investment flows between Asia and the Middle East. positioning Bahrain as a gateway for investment flows between Asia and the Middle East. Skills That Matter: highlighting Bahrain's efforts around equipping its workforce for the digital economy through education and upskilling, including updates around the Skills and Gender Parity Accelerator highlighting Bahrain's efforts around equipping its workforce for the digital economy through education and upskilling, including updates around the Skills and Gender Parity Accelerator Women Leaders – Shaping Tomorrow's Economy: exploring the role of female leadership in shaping the global agenda in a dynamic global economy, including progress made in the Kingdom around supporting women's participation. Additionally, Her Excellency met with Mr. Børge Brende, President and CEO of the World Economic Forum to explore Bahrain's ongoing strategic relationship with WEF, the 2025 Annual Meeting in China, and future plans. This year's Annual Meeting focused on topics related to navigating a rapidly transforming global landscape shaped by technological disruption, geopolitical shifts, and sustainability imperatives. In parallel, the Bahrain EDB team engaged in targeted bilateral meetings and strategic networking opportunities on the sidelines of the forum, further reinforcing the Kingdom's role as a competitive and connected investment destination. Bahrain EDB's active presence in Tianjin underscores its broader commitment to fostering international partnerships and contributing to global economic dialogue. The invitation to participate as Co-Chair also reflects the strength of the Bahrain EDB's long-standing partnership with the World Economic Forum and its alignment with shared priorities around supporting diversification, innovation, human capital development, technology, and sustainable growth.
The Sun
25-06-2025
- Business
- The Sun
China advancing toward high-income status, says Premier Li
TIANJIN (China): Chinese Premier Li Qiang said on Wednesday that China is moving towards becoming a high-income country as a whole as the demand for consumption upgrade is robust in the world's second-largest consumption market. Li made the remarks when addressing the opening of the 16th Annual Meeting of the New Champions, also known as the Summer Davos, in north China's Tianjin Municipality. China is confident in and capable of maintaining rapid economic growth, he stated. It is striving to develop itself into a super-sized consumption powerhouse on the solid foundation of a manufacturing powerhouse and is willing to share its original technologies and innovative scenarios with the world. The Chinese government will continue to foster a first-class business environment that is market-oriented, law-based, and internationalised, and always keep the doors wide open and warmly welcome businesses from all countries to invest and deepen their roots in China, he added.
Biz Bahrain
25-06-2025
- Business
- Biz Bahrain
Minister of Sustainable Development and Chief Executive of Bahrain EDB Participates as Co-Chair in WEF's Annual Meeting of the New Champions 2025 in China
H.E. Noor bint Ali Alkhulaif, Minister of Sustainable Development and Chief Executive of the Bahrain Economic Development Board (Bahrain EDB), kicked off participation at the upcoming World Economic Forum's (WEF) Annual Meeting of the New Champions 2025 as Co-Chair. This year's 'Summer Davos' forum, taking place from 24 to 26 June in Tianjin, People's Republic of China, will be held under the theme Entrepreneurship for a New Era. Li Qiang, Premier of the People's Republic of China, is set to deliver the opening remarks at the 16th Annual Meeting of the New Champions, which is expected to convene over 1,700 global leaders from government, business, international organisations, civil society, and academia. This year's discussions will focus on navigating a rapidly transforming global landscape shaped by technological disruption, geopolitical shifts, and sustainability imperatives. The programme will revolve around five key pillars: Deciphering the World Economy, Outlook on China, Industries Disrupted, Investing in People and Planet, and New Energy and Materials. Other Co-Chairs of the Annual Meeting include a distinguished group of global leaders including: • H.E. Faisal Alibrahim, Minister of Economy and Planning, Kingdom of Saudi Arabia • H.E. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, Arab Republic of Egypt • Henadi Al Saleh, Chair, Board of Directors, Agility • Dai Houliang, Chairman, China National Petroleum Corporation (CNPC) alongside several other prominent figures from government, business, and academia As Co-Chair, H.E. Noor bint Ali Alkhulaif will join a series of high-level panel discussions, multilateral sessions, roundtables, and firestarter conversations, including sessions on Contours of a New Economic Order, MENA-China Trade and Investment Relations, Skills That Matter, and Women Leaders – Shaping Tomorrow's Economy. These conversations will offer a platform to highlight Bahrain's policy leadership, forward-looking vision, and efforts to equip its workforce with the skills needed to thrive in a rapidly evolving global economy. Additionally, members of Bahrain EDB will engage in multiple strategic meetings and networking events on the sidelines of the forum. Bahrain EDB is a long-standing Strategic Partner of the World Economic Forum, reflecting the strength of the Kingdom's investment promotion agency's collaboration with the Forum across multiple global platforms, including its consistent participation at the Annual Meeting in Davos. H.E. Noor bint Ali Alkhulaif's selection as Co-Chair for this year's Annual Meeting of the New Champions highlights Bahrain's expanding international impact and its commitment to engaging in key dialogues to elevate its position as a globally competitive destination. The role additionally involves shaping the agenda, where this year's focus on economic transformation and innovation can reignite growth amid shifting global condition underscores the Kingdom's broader efforts to accelerate digital innovation, cultivate talent, and grow high-value sectors in support of its ambitious economic diversification agenda.
RTHK
25-06-2025
- Business
- RTHK
China becoming a consumption powerhouse: Premier
China becoming a consumption powerhouse: Premier Premier Li Qiang says China's economy continues to post steady growth. Premier Li Qiang said on Wednesday China is striving to develop itself into a super-sized consumption powerhouse as he expressed optimism towards the world's second-largest economy. The premier also warned that global trade tensions were intensifying in a keynote speech at the opening plenary of the 16th Annual Meeting of the New Champions, also known as the Summer Davos, in Tianjin. Li said China would strive to become a "major consumption powerhouse" on the solid foundation of a manufacturing powerhouse. "We are also stepping up our efforts to implement the strategy of expanding domestic demand... promoting China's growth into a major consumption powerhouse," he said, stressing that China is moving towards becoming a high-income country. He added that Beijing is confident in, and capable of, maintaining rapid economic growth. "China's economy continues to grow steadily, providing strong support for the accelerated recovery of the global economy." The central government has set a GDP growth target of about 5 percent for 2025. Li also said Beijing will continue to foster a first-class business environment that is market-oriented, law-based and internationalised, and always keep the doors wide open and warmly welcome businesses from all countries to invest and deepen their roots in China. On the world economy, the premier said it was undergoing profound changes, and Beijing is willing to do whatever it takes to help tackle difficulties and challenges it faces. "Protectionist measures are significantly increasing and global economic and trade frictions are intensifying," Li said. "The global economy is deeply integrated and no country can grow or prosper alone. "In times when the global economy faces difficulties, what we need is not the law of the jungle where the weak fall prey to the strong, but cooperation and mutual success for a win-win outcome." The premier called on the international community to take constructive actions to boost international economic and trade cooperation. "Constructive actions mean we need to proactively take more practical measures to safeguard free trade and multilateralism and promote the stable development of the world economy." Li said disputes and differences should be resolved through equal consultations. More than 1,700 leading figures from over 90 countries and regions are attending the summit in Tianjin from Tuesday to Thursday. The theme this year is "Entrepreneurship for a New Era," exploring how entrepreneurship and emerging technologies can unlock more dynamic and resilient economies. (Xinhua and agencies)
