China aims to become a global leader in AI by 2030, potentially adding $600 billion annually to its economy through advancements in various sectors.

The 'Shopping in China' initiative is a strategic government campaign aimed at boosting consumption and enhancing China's appeal in the global market.

To maximize the impact of this initiative, measures such as expanding the departure tax refund system and improving synergies between shopping and tourism have been proposed.

The importance of maintaining trade relationships, especially with the US, was highlighted at the Annual Meeting of the New Champions 2025, despite ongoing tensions.

China remains committed to attracting foreign investment and fostering a transparent business environment, which is crucial for global economic stability.

Key growth drivers for China's economy include large-scale manufacturing, a green transition, and a robust innovation ecosystem, all aimed at high-quality development.

The large domestic market is seen as a stabilizing force for the economy, with significant potential for expanding domestic demand.

Driving domestic consumption is critical, with projections indicating that 100 million households will enter the middle-income group in the next decade, increasing demand for premium goods.

Retail sales in May 2025 rose by 6.4 percent year-on-year, marking the fastest growth since late 2023, reflecting improved consumer confidence bolstered by government stimulus.

Experts emphasize that technological innovation, particularly in artificial intelligence, is pivotal for shaping China's economic future and enabling scalable advancements.

China's economy is demonstrating resilience amid macroeconomic challenges, transitioning from an investment and export-led model to one focused on domestic demand and innovation.

In the first quarter of 2025, China's GDP grew by 5.4 percent year-on-year, surpassing expectations despite external pressures such as US tariffs.