China's rapidly improving innovation capabilities have created new opportunities for the global economy, said attendees of the Global Trade and Investment Promotion Summit 2025 held in Beijing on Thursday.
This year's summit focuses on the themes of embracing the era of digital intelligence and working together for common development. Over 800 representatives of government departments, international organizations, chambers of commerce, associations, trade promotion bodies and enterprises attended the event.
Guests from various countries said that China continues to prove its potential as a world-leading innovator, expressing their hopes to continue building trade and investment partnerships with the country in this area.
"The underlying trends are all very good, so I would be very, very bullish long term. And it's not just the size of this economy. It's not just the scale of growth. It's also the sophistication of the appetite here for new products, for new designs, for all sorts of innovation.," said Sherard Cowper-Coles, chair of the China-Britain Business Council.
"China is a champion in technology and is one of the best in the moment in terms of development. So the economy, even with the geopolitical current situation is going to be very good. This is what we think, we believe in ICCF," said Raphael Paul Cooper, the delegate greater China of the Italy China Council Foundation.
Many attendees noted that amid rising unilateralism and protectionism, it is all the more important to jointly build an open, cooperative, and mutually beneficial global industrial and supply chain.
"Actually, (there are) some tension problems with the some parts of the world. But as part of the ASEAN countries, we are hoping that the integration of the market between China and ASEAN could be a good opportunity," said Oudet Souvannavong, President of the Lao National Chamber of Commerce and Industry (LNCCI).
"The recent U.S. tariff measures are very disruptive. It's really pleasing to see a consistent theme across our survey again this year that Australian companies see it's really important to build partnerships with Chinese companies in market. It increases their ability to be able to be responsive to Chinese consumer needs," said Vaughn Barber, AustCham China Chair.
Participants said China's steadily advancing scientific and technological innovation capability has attracted enterprises from around the world to invest in the country, injecting fresh momentum into the global economic recovery and sustainable growth.
"When the news about Deepseek came out, they asked me, were you shocked, were you suprised? I said no. So you force China to accelerate and to be able to focus on solving a problem and they solved it. So when it when it comes to AI, I'm not surprised that China are now somewhat a leader," said Jack Perry, chairman of the 48 Group Club, a London-based firm that promotes China-UK trade.
"China continues to innovate. Autos are one of the places where China continues to innovate and so of course we want our companies to be here to understand the innovation and hopefully to participate in the market as it grows," said Michael Hart, President of the American Chamber of Commerce in China.
"In terms of supply chains, since China's supply chain is highly advanced, we will cooperate with some Chinese enterprises—particularly in high technology, e-commerce, and electronics manufacturing—and guide some Malaysian companies to learn from these leading Chinese firms," said Tan Sri Dato' Soh Thian Lai President of Federation of Malaysian Manufacturers.
Hosted by the China Council for the Promotion of International Trade, the Global Trade and Investment Promotion Summit has been held for four consecutive years, gradually becoming an important institutional platform for dialogue, mutual trust and cooperation within the global business community.
China's innovation drive injects new momentum into global economy: int'l experts
Nicaraguan officials said the United States has never stopped its aggression and interference in Latin American countries' internal affairs, slamming its hegemonic acts in the region.
As the U.S. ramps up its military presence in the Caribbean, critics across Latin America are drawing renewed attention to a long and painful history of U.S. intervention in the region.
Nicaragua was among he earliest and most persistent targets of U.S. political, economic, and military hegemony. From repeated military interventions in the early 20th century to covert operations in the 1980s, the Central American nation has repeatedly found itself in U.S. crosshairs.
In 1984, the Nicaraguan government sued the U.S. government in the International Court of Justice, demanding compensation for damages caused by years of interference in internal affairs.
In 1986, the International Court of Justice issued the judgment that the United States had violated the United Nations Convention and ordered it to pay Nicaragua billions of dollars in compensation.
However, during multiple votes at the UN Security Council, the United States repeatedly exercised its veto power, resulting in the compensation not being paid.
"We took it to the International Court of Justice in the Hague, where the ICJ ruled that the U.S. was guilty and ordered it to compensate Nicaragua for the damages, setting the original compensation at 15 billion U.S. dollars, equivalent to more than 50 billion U.S. dollars in today's currency. This debt remains outstanding and legally enforceable. The people of Nicaragua have never relinquished their right to seek this compensation," said Nicaraguan Congressman Wilfredo Navarro in a recent interview with China Media Group.
Navarro, who has authored a detailed chronicle of U.S. aggression against his country, emphasized that U.S. interference has continued to this day.
He pointed to the 2018 anti-government unrest in Nicaragua, during which the U.S.-funded National Endowment for Democracy (NED) poured tens of millions of dollars into local non-governmental organizations and far-right media outlets in an effort to topple the government.
"We have long been at the top of U.S. sanctions lists, and the United States has even enacted specific laws targeting and pressuring Nicaragua. Following the U.S.-backed anti-government unrest, we endured a blockade that lasted nearly eight years. During this period, the Nicaraguan government faced a range of military and economic aggression from the United States, including port blockades, mining of harbors, and aerial bombardments," said Navarro.
Nicaraguan Foreign Minister Denis Moncada echoed these concerns, describing U.S. policy in the region as a modern extension of the 19th-century Monroe Doctrine, an imperialist framework that declared Latin America as Washington's exclusive sphere of influence.
He warned that recent U.S. actions, such as escalating pressure on Venezuela and meddling in Honduras' elections, revealed a familiar playbook rooted in deception.
"The U.S. development and economic achievements have come at the expense of countries in Latin America and the Caribbean, as well as numerous countries in Africa and Asia. Its very essence has rooted in conquest and control. Today, the United States is repeating its long-standing familiar tactics: using falsehoods, distorting facts, and fabricating allegations and hypothetical scenarios to mislead the international community and drum up support through disinformation, just as it is currently doing regarding Venezuelan President Nicolas Maduro in the Venezuela issue," said Moncada.
Moncada noted that the U.S. has intensified efforts to intervene in Latin American countries' internal affairs, reflecting its growing panic over its own decline.
"The United States is attempting to prevent the inevitable decline of U.S. imperial hegemony and that of certain European powers, including Britain. Having realized their own waning influence, they are now desperately seeking ways to halt this decline. As a result, their actions resemble those of a cornered beast: fueling death and conflict around the world, launching aggression on a global scale, striving to slow the erosion of their imperial power while containing the rise of a new international order," said Moncada.
More than 160 years ago, Nicaraguan national hero Andres Castro hurled a stone to kill an invading U.S. soldier during the 1856 Battle of San Jacinto. Today, that heroic act resonated more powerfully than ever.
As the renowned Nicaraguan poet Fernando Gordillo wrote in his poem, "Throw the stone, Andres. Throw it! A century apart, the enemy, it is the same."
Nicaraguan officials urge U.S. to pay ‘historical debt,’ slam hegemony in Latin America
