Global Leaders Praise China's Economic Potential and Development Journey at Davos Forum

IMF Managing Director Kristalina Georgieva praised China's pursuit of high-quality development and projected over 3% GDP growth for China in 2024-2025. She called for China to implement "a comprehensive package of pro-market reforms" to unlock faster growth.

World Bank President Ajay Banga cautioned of global inequality and job shortages but said China's development journey shows what is possible. He emphasized the importance of reforms, which lifted 770 million Chinese out of poverty.

Georgieva highlighted China's leadership in AI and renewable energy with enormous potential. She noted China's contributions to IMF affordable financing initiatives.

Apple CEO Tim Cook attended the forum, met with China's Commerce Minister, and said Apple would keep increasing China R&D investment. He said Apple's Vision Pro headset would launch in China this year.

Speakers expressed confidence in China's economic potential and its role as a key driver of global growth thanks to its commitment to high-quality development.