China News Agency, Davos, May 26 (Reporter De Yongjian) The 2022 World Economic Forum Annual Meeting (Davos Forum) is being held, and China's economy has attracted the attention of the forum.

  Since its opening on May 23, the Davos Forum has held seminars on China's economy and investment prospects, China's energy transition and other topics; Dialogue on climate change; around China's economic issues, reporters from China News Agency also interviewed a number of experts, scholars and business people here.

  Inside and outside the venue, three key words were impressive.

Keyword one: hook

  Could the restructuring of global value chains only bring about decoupling?

Marcos Troyjo, Brazilian President of the New Development Bank of BRICS, mentioned China's economic scale and economic transformation, but rejected this, emphasizing that both decoupling and "hooking" should be seen.

  Marco explained that thanks to the economic transformation, China is no longer a "low-cost" country, but is in a leading position in many technology-intensive industries; China has added added value to the global value chain, and the proportion of R&D investment in GDP has increased. .

  This brings opportunities for other countries to expand supply chains and upgrade value chains.

Take the economic and trade exchanges between China and Brazil as an example. Twenty years ago, the annual trade volume between China and Brazil was only 2 billion US dollars. Today, the trade volume between the two countries reaches 2 billion US dollars every 100 hours. .

  Marco emphasized that with the restructuring of the global value chain, marketing centers, R&D centers and development centers have been created around the world, giving birth to new areas of association and cooperation. China's economic scale and economic transformation have made these "links" possible.

Keyword 2: Dependency

  Jonathan Krane, founder and CEO of the American Krane Fund, made it clear that the United States and China are interdependent in many aspects such as market, trade, and globalization.

The most powerful companies in the United States expand their markets in China and achieve revenue growth. China also needs investment from the United States; as the world's largest and second largest economies, it is normal for the United States and China to have frictions, but from an economic and corporate perspective Look, the United States will benefit a lot from co-creating business opportunities.

  At the seminar on the 23rd, John Tuttle, vice chairman and chief commercial officer of the New York Stock Exchange (NYSE), introduced that there are about 2,400 listed companies on the New York Stock Exchange, of which about 20% of listed companies are from outside the United States; among a total of 46 foreign countries, Canada, a neighboring country to the United States, ranks first in the number of listed companies, and China ranks second in the number of listed companies.

  Tato pointed out that since the last Davos forum in January 2020, the number of Chinese companies listed on the New York Stock Exchange has increased by 20%; in the next two years, the number is expected to remain stable if not increasing.

Keyword 3: Action

  On May 24, China's special envoy for climate change, Xie Zhenhua, and the US President's special envoy on climate issues, John Kerry, said in the same session: "To deal with climate change, we still need to take concrete actions."

  At the dialogue meeting, Xie Zhenhua announced that China will respond to the World Economic Forum's initiative of "Planting a Trillion Trees Worldwide", and strive to plant 70 billion trees within 10 years, in order to strengthen forest carbon sinks and strengthen the conservation of existing forest resources; The World Economic Forum expressed its gratitude and "highly appreciates China's adoption of nature-based solutions and the implementation of relevant international commitments such as the Paris Agreement and biodiversity targets."

  In addition to announcing the goal of "planting 70 billion trees", Xie Zhenhua reiterated that China solemnly committed to "strive to peak carbon dioxide emissions by 2030 and strive to achieve carbon neutrality by 2060", announced that no new overseas coal power projects will be built; The peak carbon neutrality work leading group builds and implements a dual-carbon "1+N" policy system to promote low-carbon development and green transformation.

  Regarding China's carbon neutrality target, Daniel Yergin, vice chairman and energy expert of Standard & Poor's Global, an international credit rating agency, said that this shows China's determination to promote energy transition; due to China's long-term high dependence on coal for energy, "change will not be possible." It will happen overnight," but with 2060 still a long way from now, China has "a lot of opportunities" to achieve its carbon neutrality goal.

  Yergin pointed out that more than 50% of the world's solar energy growth now comes from China, and more than half of the electric vehicles produced in the world also come from China. It can be seen that China's energy transition is "multi-pronged", and at the same time, it pays more attention to energy security.

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