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Sustainable Growth through Innovation: China’s Creative Imperative
Beijing, China 10-11 September
 China is now the world’s fourth largest economy – its per capita GDP is over US$ 1,000, its foreign exchange reserves are nearing US$ 1 trillion and it has surpassed the United States as the leading destination for foreign direct investment. China’s rapid economic success, however, has also introduced new challenges that will require innovative government policies and creative business solutions if the country is to maintain its strong record of growth.
The priority now is reducing rural-urban income disparities and uplifting the living standards of the 800 million Chinese earning less than US$ 1,000 a year. The challenge is how to shift from investment and export-driven economic growth to sustainable growth that is driven by technology innovation and domestic consumption. In response, the Chinese National People’s Congress endorsed the 11th Five-Year Plan (2006-10), which is focused on implementing "people-centred" and "scientific" development policies. Such a transformation will require creative ideas in the public sector and greater value creation in the private sector.
For over 25 years, the China Business Summit has convened the country’s senior government and business leaders with top executives from the international business community and leading experts from the world’s most important academic institutions. The objective of the China Business Summit 2006 is to bring key stakeholders together in Beijing to rethink and reshape the country’s growth and industry agendas in this new context.
Co-Chairs
Chen Yuan, Governor, China Development Bank, People's Republic of China
Baba Kalyani, Chairman and Managing Director, Bharat Forge, India
Maurice Levy, Chairman and Chief Executive Officer, Publicis Group, France
Liu Changle, Chairman of the Board and Chief Executive Officer, Phoenix Satellite Television Co., Hong Kong, SAR
Wang Jianzhou, Group President, China Mobile Communications Corporation, People's Republic of China
Yang Yuanqing, Chairman, Lenovo Group, People's Republic of China
For more information, please contact china@weforum.org
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