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'New champions' and China growth in focus of WEF meeting

Daniel Winter | Manuela Kasper-Claridge

Known as "Summer Davos," the WEF meeting in Tianjin has set a post-pandemic record of more than 1,700 participants, who discussed topics such as new energy and materials, the global economy and China's economic outlook.

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At the 2025 World Economic Forum in Tianjin, China pledged to shift from export-led growth to a consumption-driven economy, but faces skepticism amid overinvestment and weak consumer confidence.

Despite a 6% retail sales boost in May, the rebound leans on short-term fixes, raising doubts about long-term stability once U.S. tariff relief ends.