China still remains world's largest engine for growth
China still remains the largest engine of global growth.
- China still remains the largest engine of global growth.
- In 2023, China became the world's largest exporter of automobiles for the first time.
- Borge Brende, president of the World Economic Forum, noted that China is shifting from investment- and infrastructure-driven growth to innovation-led growth, and it holds a crucial position in global economy and trade.
- She believes that China's economic growth in 2024 will still surpass the global average, making China a major contributor to global economic growth in that year.