Wang said that China's fiscal policy support needs to intensify in the second half of the year to ensure sufficient funding for major projects and the protection of people's basic livelihoods. Meanwhile, monetary policy will be more targeted to help lower funding costs for smaller businesses, as there have been signs of marginal policy fine-tuning by the central bank, he added.
Wang Qian, chief economist for Vanguard Asia-Pacific, said that China's economic development will be more stable in the next few years as the problem of overcapacity has been properly addressed and more supportive macroeconomic policies are in place.
Wang said that as an increasingly large body of Chinese students comes to study in the US, many of the schools are similarly stymied by how to integrate this new student body into their life.
Wang Tianmiao, president of the Smart Manufacturing Research Institute at Beihang University, said technological progress is helping accelerate the global expansion of Chinese robot makers.
Wang Yuedan, a professor of immunology at Peking University, said requiring vaccine producers to buy insurance will ensure compensation for those receiving vaccinations if serious side effects occur, and encourage vaccinations among the public.
Wang said the annual forum is aimed at further exploring the theoretical backing and path to building a community of a shared future for mankind, and finding solutions to the problems the world is facing.
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Wang Yingwu, Chinese ambassador to Cameroon, said that "the Chinese party is willing to further strengthen cooperation" with Cameroon in terms of public health in order to implement the health care initiative of the eight major initiatives proposed at the 2018 Beijing Summit of the Forum on China-Africa Cooperation.
Wang and Mohammed co-chaired the first meeting of China-Qatar governmental strategic dialogue mechanism in Beijing.
Wang noted that during the COVID-19 pandemic, Haier leveraged the COSMOPlat platform to help Shanxi province build a production line of disposable surgical masks within only four days and was able to manufacture 100,000 masks each day on average.
Wang Junlin and Tang Xiaofan contributed to the story.