Chance for champions of cooperation to get the world back to winning ways: China Daily editorial

The 14th Annual Meeting of the New Champions that China is hosting in Tianjin from Tuesday to Friday sets a stage for the global business community to better coordinate efforts to generate new impetus for innovation and entrepreneurship, drive growth and shape a more equitable, sustainable and resilient global economy.

The event, themed "Entrepreneurship: The Driving Force of the Global Economy", has attracted more than 1,500 representatives from more than 90 countries, as well as international organizations such as the World Trade Organization.

Having just wrapped up a six-day visit to France and Germany last week, Premier Li Qiang will deliver a keynote speech at the opening of the event and meet his counterparts from four countries, as well as World Economic Forum Chairman Klaus Schwab and other distinguished guests, taking the opportunity to extend China's welcome to foreign investment, companies and talents.

The conference, which was convened online over the past three years due to the COVID-19 pandemic, provides the participants with platforms for face-to-face communication on six core themes: rewiring growth, China in the global context, energy transition and materials, post-pandemic consumers, safeguarding nature and climate, and deploying innovation.

Entrepreneurship and cooperation are of crucial importance to reinvigorating the global trading system and promoting sustainable and equitable economic growth to overcome the impacts of the global economic recession and the Ukraine crisis.

It is necessary for the meeting to focus on the key role entrepreneurs can assume in the process, as they have always been a source of perseverance, innovation, efficiency, competition and foresight, all of which are key to helping the world address the current crises, harness changes and manage uncertainties.

While the United States actively pushes camp confrontation and decoupling, the meeting is set to show the unpopularity of Washington's actions, as cooperation, dialogue and win-win cooperation for common development remain the themes of the era.

It is to be hoped that the meeting can convey a united voice on the issues of its agenda, so that it can serve to further consolidate the world's confidence in an equitable, sustainable and balanced global recovery, effectively enhance the stability of the global industry and supply chains, and strengthen the market's confidence in the Chinese economy in the long run.

There are manifold political and economic forces eroding trust among countries and driving the fragmentation of the international community. To reverse this trend and create the conditions for a strong and durable recovery there needs to be renewed faith in the benefits of cooperation and collaboration.