BEIJING, June 22 (Xinhua) -- China's commitment to long-term economic development is evident in its strategic investments in technology and human capabilities. This is reflected in the emergence of new industries, particularly in areas like green energy and advanced manufacturing, according to Gim Huay Neo, managing director of the World Economic Forum (WEF).

In an exclusive interview with Xinhua ahead of the anticipated 2025 Summer Davos Forum, taking place from June 24 to 26 in Tianjin, Neo highlighted that the event is expected to attract around 1,800 participants, more than half of whom are representatives from global businesses. This indicates a strong interest in China's economic landscape and the broader Asian market.

Attendees at the Tianjin forum are likely to seek partnerships across various sectors including advanced manufacturing, technology, and healthcare, as reported by Neo. This underscores the diverse investment opportunities available in China.

Discussing the investment climate in China and Asia, Neo remarked that essential factors like policy coherence, availability of skilled labor, technological readiness, and market support create a robust ecosystem for investors and business collaborations.

Neo pointed out that the resilience of the Chinese economy during a period marked by global uncertainty is noteworthy. She stated that Asia is predicted to account for approximately 60 percent of global GDP growth this year, with China contributing around 30 percent, according to recent projections.

With regard to the future, Neo expressed optimism, stating that the outlook for both Asia and China remains strong. She noted that the upcoming meeting in Tianjin will focus on discussions surrounding China's economic prospects, advancements in artificial intelligence, and the broader innovation landscape.

In light of escalating global trade tensions, Neo mentioned that the WEF has established a working group dedicated to trade and investment. This group aims to foster dialogues between businesses, governments, academia, and international organizations, promoting win-win partnerships.

Emphasizing the importance of mutual benefits, Neo underscored the necessity for collaboration that serves everyone's interests. She reiterated the WEF's long-standing relationship with China and expressed a desire to continue partnering with the Chinese government, businesses, and citizens.

Addressing the growing interest in Asia and China, Neo conveyed hopes for the forum to facilitate constructive dialogues, exchange of ideas, and the formation of new partnerships that could address global challenges.

The 2023 Summer Davos Forum, also recognized as the 16th Annual Meeting of New Champions of the WEF, will focus on the theme 'Entrepreneurship in the New Era.' Key discussion areas will include the global economy, China's outlook, disrupted industries, investments in human capital and sustainability, as well as the future of energy and materials.