Participants of Geneva-based business event voice confidence in Chinese economy

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Mohammad Lootah, president and CEO of the Dubai Chambers, praised China"s strong infrastructure and fintech sectors, and rapid advancement in cutting-edge technologies like artificial intelligence and the Internet.

GENEVA, June 22 (Xinhua) -- Representatives of chambers of commerce from several countries and regions have expressed confidence in China"s economy during the 13th World Chambers Congress, which is currently happening in Geneva.

Mohammad Lootah, president and CEO of the Dubai Chambers, told Xinhua that he saw China as a growing economy backed up by a strong manufacturing sector and talent pool, which he said was vital for innovation.

He also praised China"s strong infrastructure and fintech sectors, and rapid advancement in cutting-edge technologies like artificial intelligence and the Internet.

Dubai Chambers has set up three offices in Shanghai, Shenzhen and Hong Kong and witnessed a quick recovery of Chinese business activities after the COVID-19 pandemic, Lootah said.

Dubai remains a significant partner of the Belt and Road Initiative (BRI), a cooperation platform aimed at common development proposed by China ten years ago, Lootah said. He added that the BRI project has helped China to play a pivotal role in Dubai"s non-oil sectors, with key growth sectors including tourism, telecommunications, renewables, smart cities, artificial intelligence, and other technology-oriented industries.

Dario Gallina, president of the Torino Chamber of Commerce in Italy, told Xinhua that the Chinese market is a prime source of revenue for Italian products and the country"s tourism industry.

As the Chinese economy continues to develop, Chinese people"s spending power is increasing, he said. China has good infrastructure and well-educated people, with a relatively low cost of labor and a wide variety of consumer groups, which offer good business opportunities for entrepreneurs, Gallina said.

According to Alexandra Gaillard, president of the Geneva Chapter of the Swiss-Chinese Chamber of Commerce (SCCC), the Chinese economy has fully regained momentum after the COVID-19 pandemic.

The SCCC often receives delegations from different regions of China, which seek potential business opportunities in Switzerland and Europe, Gaillard said.

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