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2025 Summer Davos forum highlights innovative developments

China

China

China

2025 Summer Davos forum highlights innovative developments

2025-06-24 11:04 Last Updated At:14:27

The 2025 Summer Davos forum which is about to start in north China's Tianjin Municipality on Tuesday will pay special attention to innovative developments, with dedicated sessions to be organized to facilitate in-depth exchange of insights.

The Summer Davos is a major gathering of global business leaders and is an annual event organized by the World Economic Forum (WEF).

This year's event, also the 16th Annual Meeting of the New Champions 2025, runs from Tuesday to Thursday, attracting the attendance of more than 1,800 guests from over 90 countries and regions across the world.

The forum to be held in Tianjin’s National Convention and Exhibition Center will witness insights being delivered by business, political, media, and academic representatives as well as those from social and international organizations in the coming days.

Nearly 200 sub-forums will be organized at this year's event, mainly focusing on outlook on China, investing in people and planet, new energy and materials, industries disrupted, and deciphering the world economy.

Mirek Dusek, managing director of WEF, highlighted the event's increasing attention to emerging innovative achievements, saying the forum will hold special sessions to encourage in-depth insight exchanges on related topics.

"And particularly we are going to be zeroing in this year on the AI innovation eco-system and the energy innovation eco-system. There has been a lot of curiosity, particularly recently, around how the Chinese AI eco-system and the Chinese energy eco-system are developing. So, we have dedicated sessions in the official program but also a lot of other sessions that go even deeper," he said.

Some representatives attending this year's forum said they came to learn about the latest technological developments in AI and in emerging sectors like the new energy vehicle (NEV) industry and the medical industry.

"I use it (AI) every single day whether it's in helping to make better decisions, thinking about problems. [It's] like having a partner beside me," said Kelly, a representative at the forum.

Christina, another representative from a Latin American country, said she hopes the event will serve as a channel to introduce the latest technologies into Latin America.

"I came here with the purpose of getting to know all these new technologies and maybe find possible pathways to import [them] to Latin American countries," she said.

2025 Summer Davos forum highlights innovative developments

2025 Summer Davos forum highlights innovative developments

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025

China's aggregate social financing maintains high growth in 2025

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