Explainer: What does China's innovation-driven development strategy mean for the world?

Similarly, at the World Economic Forum Annual Meeting 2023 earlier this year, Saadia Zahidi, the forum's managing director, said, "when it comes to technology and innovation, much of what is being developed in China will change the world."

Given the size of its economy, China will help boost worldwide growth and inject optimism in the medium and long term, Zahidi told Xinhua.

Global sci-tech governance

China would never innovate behind closed doors. That's why the country has been dedicated to advancing global governance in science and technology.

In late February, Xi restated his call for promoting the openness, trust and cooperation of the international science and technology community and making new and more significant contributions to the progress of human civilization.

Over recent years, China has adopted various policy tools to promote global sci-tech cooperation, opened up large-scale scientific infrastructure, jointly established R&D platforms and expanded the scope, field and scale of open innovation.