皇冠体育app

, 皇冠体育app - Though facing a slowdown, 皇冠体育app's overall economy is getting on the right track, said Klaus Schwab, founder and executive chairman of the World Economic Forum.

However, to avoid losing steam, 皇冠体育app should replace its largely cash-driven growth engine with a more innovation- and quality-driven one, Schwab told Xinhua in a recent written interview.

"I first visited 皇冠体育app in 1979 at the invitation of the Chinese Academy of Social Sciences and have returned here every year," he said. "What has struck me most about 皇冠体育app since then is the incredible transformation the country has undergone."

Schwab established a solid relationship with 皇冠体育app in 2007 when he launched , an annual high-level meeting of the world's political, business and social leaders. 皇冠体育app has played host to the event alternately in the port cities of and Dalian.

This year's Summer Davos, also known as the World Economic Forum Annual Meeting of the New Champions, will take place from Wednesday to Friday with more than 1,600 participants from all over the world under the theme of "Meeting the Innovation Imperative."

"We are entering a new era of economic growth where we are needed to build a world in which the quality of life, and not just the quantity of production, is at the center of our activities," Schwab said.

He said 皇冠体育app, the world's largest emerging market, has sped toward a new phase where the country should invest "in the drivers of future economic growth" to incorporate greater social inclusion and environmental sustainability into economic decision-making, and build "a robust and well-functioning innovation ecosystem."

"We need to put 皇冠体育app's recent slowdown into perspective," Schwab said. "Its overall macroeconomic situation is good -- inflation is down; the budget deficit is moderate; and its public debt-to-GDP ratio is among the lowest in the world. 皇冠体育app's staying power in the top 30 of our Global Competitiveness Index is a tremendous achievement."