By Hasan Muhammad

Editor's Note: The writer is a freelance columnist on international affairs based in Karachi, Pakistan. The article reflects the author's opinions and not necessarily the views of China Economic Net.

The China Development Forum (CDF) 2025, being convened in Beijing from March 23 to 24, has once again highlighted China’s indispensable role in shaping global business stability. Over two days, the event has attracted more than 80 senior executives from multinational corporations across finance, healthcare, insurance, and energy. Notably, U.S. companies led the delegation with 27 firms, and a record number of first-time participants underscored the forum’s growing international relevance.

At the heart of discussions was Beijing’s steadfast commitment to high-level economic openness and global cooperation. For multinational corporations, China is not just an attractive market but a strategic necessity. Siemens CEO Roland Busch reaffirmed his company’s commitment to China, lauding the nation’s efforts to create an equitable business environment. Lu Haiqing, global vice president of IHG Hotels & Resorts, framed investment in China as a necessity rather than an option, while Martin Sorrell, executive chairman of S4Capital, underscored the long-term nature of success in the Chinese market, emphasizing sustained investment as key to navigating its economic landscape.

This year’s theme "Unleashing Development Momentum for Stable Growth of the Global Economy," struck a chord as the world grapples with mounting economic uncertainties. Discussions have been focused on consumption growth, emerging productivity drivers, and the inclusive development of artificial intelligence.

The broad participation at this year’s forum underscores global confidence in China’s economic trajectory. Representatives from 86 multinational corporations across 21 countries, alongside leaders of key international organizations, contributed to discussions on China’s stabilizing role in global markets. The presence of CEOs from global heavyweights such as Apple, BMW, and Mercedes-Benz, alongside representatives from international organizations like the New Development Bank and the World Bank, reaffirms China’s economic magnetism.

Columbia University professor Jeffrey Sachs, speaking on the sidelines of the forum, characterized China’s economic outlook as highly optimistic, praising the emphasis on technological advancements and global cooperation as pillars of sustained growth. According to Sachs, China’s innovative economy will continue to produce goods and services that the world not only desires but depends on.

Wendell P. Weeks, CEO of Corning Inc., underscored the enduring opportunities in China, particularly in high-tech industries such as display technology and automotive innovation. Similarly, Michael Nelson, CEO of Amway, detailed his company’s $2.1 billion investment plan for China over the next five years, emphasizing a long-term commitment to health and wellness initiatives tailored for Chinese consumers. Apple CEO Tim Cook, also in attendance, held discussions with Chinese trade officials, reinforcing the technology giant’s deepening strategic ties with China.

China’s ability to maintain its growth trajectory while deepening global economic integration remains a critical factor in ensuring worldwide financial stability. In 2024, China’s GDP reached a record $18.81 trillion, reflecting a steady 5 percent year-on-year increase. The country’s economic strategies - centered on targeted policy support and market-oriented reforms - continue to reassure foreign investors seeking long-term stability.