Summer Davos Forum Spotlights China's Innovation Path

The Summer Davos Forum, officially known as the World Economic Forum's 17th Annual Meeting of New Champions, took place from June 23 to 25 in Dalian, China. The theme for this year's event was "Innovate for Scale," attracting 1,700 participants from 90 countries to discuss innovation's role in creating better jobs and stronger economies.

Chinese Premier Li Qiang addressed the forum, highlighting China's ongoing efforts to integrate innovation into the real economy, which is crucial for achieving long-term economic resilience and steady growth. He noted that the biggest hurdle to innovation is not the invention itself but the transition from laboratories to market application.

Premier Li pointed out that China's technological advancements, particularly in new energy and intelligent connected vehicles, provide a competitive edge without relying on government subsidies. The forum also announced the addition of 16 new locations to its Global Lighthouse Network, recognizing manufacturing excellence in deploying advanced technologies, with half of these located in China.