CCIEE's Bi Jingquan Addresses 2021 Bloomberg New Economy Forum

The transcript discusses the 4th New Economy Forum, highlighting global challenges such as the pandemic, protectionism, and unilateralism. It emphasizes China's economic recovery, with significant GDP and trade growth, despite facing pressures like pandemic resurgence and rising commodity prices. The Chinese government prioritizes innovation, encouraging inventions and intellectual property protection. The pharmaceutical industry in China has seen rapid growth, supported by stock exchanges. The transcript concludes by highlighting the importance of innovation in seizing new opportunities and leading future economic development.

In what ways is innovation prioritized as a strategy for economic development in China?

What role does innovation play in the context of the new economy as described in the text?