Chinese Vice President Han Zheng Praises FII's Role In Advancing Global Development And Cooperation

Vice President of China, Han Zheng, highlighted the necessity of innovation, openness, cooperation, and solidarity for global development and prosperity. Speaking at the ninth Future Investment Initiative (FII9) Conference, he noted that this year's theme, "Key to Prosperity," reflects current global trends and concerns. He commended Saudi Arabia's achievements under Vision 2030, including economic reforms and green initiatives.

Han Zheng outlined China's development strategy based on four pillars: innovation-driven growth, green transformation to tackle climate change and resource scarcity, openness for mutual benefit, and prioritizing welfare for common prosperity. He emphasized China's commitment to fostering an open environment for global competition and innovation.

The vice president stressed China's readiness to collaborate with other nations to strengthen global industrial and supply chains. This collaboration aims to support international economic stability. He also acknowledged the long-standing ties between China and Middle Eastern countries, recognizing Saudi Arabia as a strategic partner in the Arab and Islamic worlds.

China is committed to enhancing cooperation with Saudi Arabia and the broader region through the Belt and Road Initiative. This cooperation focuses on energy, finance, investment, innovation, and cultural exchange. The goal is shared development and prosperity among these regions.

Han Zheng praised the Future Investment Initiative Conference as a significant platform for investment and innovation in the Middle East. He underscored its role in facilitating discussions on key issues affecting regional and global economies.

He reiterated China's dedication to working with all countries to improve resilience in global supply chains. This effort is crucial for maintaining international economic stability amid ongoing challenges.

The vice president concluded by emphasizing the importance of international solidarity and understanding among nations. Such unity is essential for overcoming global economic challenges effectively.

With inputs from SPA