China's high-quality growth pillar for Asia's sustainable development

As the global economic recovery remains weak, and the international situation is complicated and intertwined, the world economy has experienced, what the World Bank calls, "five of its slowest years of growth in 30 years".

However, a message sent from the ongoing Boao Forum for Asia Annual Conference 2024 in Hainan holds that despite facing various challenges, Asia still remains the mainstay of world economic growth and an important pillar of economic globalization.

According to a report published by the forum, Asia is expected to grow faster this year than in 2023, at about 4.5 percent, and in purchasing power parity terms, Asian economies are expected to account for 49 percent of the global economy in 2024, making it still a key driver of global growth.