China’s economy is now transitioning from high-speed growth to high-quality growth,” said His Excellency Wang Zhigang, Special Envoy of President Xi Jinping and Chinese Minister of Science and Technology.
During a session titled ‘The Rise of the Dragon: China’s Success in Leading the World of Technology’ at the seventh edition of the World Government Summit (WGS 2019) in Dubai, he recounted China’s success story and revealed what lies in store for the future of science and technology in the world’s second-largest economy.
China has assumed a powerful role on the world stage, influencing global policy decisions and harnessing technology to achieve economic success. The nation played a significant role in realising the United Nations’ millennium development goals (MDGs) of reducing extreme poverty rates by half. As it witnesses a slowdown in economic activity, especially in the manufacturing sector, China is poised to launch the next wave of growth.