The "Invest in China 2025 Tianjin Summer Davos Multinational Corporate Leaders Reception" showcased China's latest industrial and technological advancements on Tuesday, inspiring global corporate leaders to deepen collaboration with the country.
Over 300 participants from Fortune 500 companies, chambers of commerce, and trade associations gathered for discussions on exploring new directions for the world economy and unleashing new drivers for innovation.
Building on the discussions, attendees highlighted China's vast market potential and robust research capabilities as key drivers of confidence for multinational enterprises investing in the country.
"Based on the development of the past 30 years, we are full of confidence in increasing investment in China, especially in strengthening research and development for new products and technologies. In Foshan, central Guangdong province, a 200,000-square-meter factory building has been topped out, and trial production will be available by the end of the year,"said Zhang Shengli, Executive Chairman of Sew-Eurodrive (China) Holding Co.
Participants pointed to the impressive contributions of young talents and the country's growing potential as a hub for cutting-edge robotics and global partnerships.
"If you look just at the robot behind me, I think that's a wonderful example of young guys from university having already a perfect product. And this is happening to me all the time in China. Every day you see innovations. The innovation speed is very, very fast and that's very impressive for me. In Germany, we're already collaborating with robot manufacturers and we could look for a partner in China as well,"said Andre Richter, President of FAW-VW Tianjin Branch.
"In my field, brain computer interface, there are many companies in China now doing BCI, so I have come to the World Economic Forum to understand what's happening in China and I have been very impressed with the progress in my field. So I'm hoping to forge relationships with some companies and understand and learn and maybe even see if I can bring my technology to China,"said Thomas Oxley, Founding CEO of Synchron.
The reception was a part of the 16th Summer Davos Forum, which is held from Tuesday to Thursday in Tianjin.
Multinationals confident in China's market, innovation at Summer Davos reception
Multinationals confident in China's market, innovation at Summer Davos reception
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
