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.

Under the banner of "Asia in the Changing World: Towards a Shared Future," the Boao Forum for Asia Annual Conference 2025 has attracted close to 2,000 attendees from more than 60 nations and regions.

Asian economies, with real GDP growth projected to be 4.5 percent for 2025, will continue to play a crucial role in driving global economic stability and growth, according to a report released at the Boao Forum for Asia Annual Conference 2025. The forum, coming just after the China Development Forum 2025, gathered top government officials and business leaders from across the world, reinforcing a clear message: Asia, led by China, remains committed to openness and stability.

The "Asian Economic Outlook and Integration Progress Annual Report 2025" projects that the share of Asian economies' GDP in the global economy will rise from 36.1 percent in 2024 to 36.4 percent in 2025. In terms of purchasing power parity, which compares economic productivity and living standards, Asia’s share is expected to increase from 48.1 percent to 48.6 percent this year. Fast-growing economies such as China, India, Vietnam, the Philippines, Mongolia, Cambodia, and Indonesia are forecast to maintain growth rates above 5 percent, reinforcing Asia’s role as a key driver of global economic stabilization.

Despite challenges such as shifting monetary policies in major economies like the US and the European Union and ongoing geopolitical tensions, investors continue to see Asia as a stronghold of economic resilience, with China standing out as the most attractive destination. China’s expanding role in cutting-edge innovation, particularly in artificial intelligence through advancements such as DeepSeek, solidifies its position as a hub for entrepreneurship and investment.

The latest US tariffs have impacted all major trading partners, not just China. Instead of aiming at mutual benefits, a zero-sum mindset has permeated the global economic system, which has worsened the situation into a negative-sum game, where some countries are willing to endure economic losses as long as their rivals suffer as well. To plug such a situation, the world requires an open economy built on collaboration and shared prosperity, where success is defined not just by individual gains but by uplifting others.

The BFA underscores Asia’s commitment to multilateral cooperation, economic integration, and sustainable development. Claus Rettig, president of German specialty chemicals giant Evonik Asia Pacific, expressed strong confidence in China’s growth trajectory. He highlighted that the Asia-Pacific region remains one of Evonik’s fastest-growing markets, with China at its core. As the world’s leading chemical market, China boasts a well-developed infrastructure and deeply integrated supply chains, providing an ideal environment for business expansion. Evonik has committed to increasing its investments in the country, recognizing the long-term economic potential.

The significance of the Boao Forum extends beyond policy discussions. It serves as a vital platform for fostering international collaboration, strengthening supply chain resilience, and promoting regional economic integration. The ongoing economic momentum in Asia, coupled with China’s strategic economic policies, positions the region as a pillar of global economic stability. While some Western economies face stagnation or are entangled in protectionist trade disputes, Asia continues to chart a path of steady growth and innovation.

The growing influence of Asian economies is further reinforced by their technological advancements, infrastructure development, and increasing consumer demand. Nations across the region are investing heavily in digital transformation, green energy, and high-tech industries, ensuring long-term economic sustainability. As China deepens its reforms and expands high-level opening-up, its commitment to inclusive economic growth remains a cornerstone of the broader Asian economic landscape.

In a world marked by uncertainty, the message from Boao is clear: openness, stability, and economic cooperation will remain the driving forces behind the region’s continued success. As global economic dynamics evolve, Asia’s ability to navigate challenges and seize opportunities will not only benefit the region but also contribute to a more balanced and prosperous global economy.