By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser.
I agree
Search Trends
SITEMAP
Copyright © 2024 CGTN. 京ICP备20000184号
Disinformation report hotline: 010-85061466
SITEMAP
Copyright © 2024 CGTN. 京ICP备20000184号
Disinformation report hotline: 010-85061466
A World Economic Forum (WEF) economist on Monday expressed optimism regarding emerging markets despite headwinds caused by geopolitical tensions and global economic challenges.
In an exclusive interview with CGTN on the sidelines of a special meeting on "global collaboration, growth, and energy for development" in the Saudi capital Riyadh, WEF Managing Director Saadia Zahidi outlined the major factors that make emerging markets promising for further development.
"The cause for optimism comes from, one, South-South Cooperation," she said, "for example, between China and Africa, or for example, trade between many countries in Southeast Asia."
“A second cause for optimism is: many countries have an opportunity in this particular environment where a lot of the traditional rulebook is out of the window to create new markets and to create very attractive investment opportunities," Zahidi added.
Saadia Zahidi, a managing director of the World Economic Forum, chairs a panel discussion at the special meeting in Riyadh, Saudi Arabia, April 29, 2024. /WEF photo
Regarding development driven by "new quality productive forces," the WEF managing director noted that with the developmental impetus brought forth by emerging sectors like artificial intelligence, China is poised to emerge as a leader in the fourth industrial revolution.
"From what I understand of the model in China, it requires a big focus on using the technologies in specific sectors and using that for further innovation," she said, "whether that's in biotechnology, whether that's green technology, all of that are very much industries of the future."
She emphasized that investment in future industries and further innovation will provide a basis for China to lead in the fourth industrial revolution.