Participants also pointed out that China continues to unleash the dividends of new quality productive forces, with high-tech and green low-carbon industries leading in growth. Through the Regional Comprehensive Economic Partnership and other mechanisms, China is deepening regional cooperation.

　　The BFA Annual Conference is also being held at a time when Asian nations are working together to counter volatility caused by the ongoing Middle East conflicts. According to multiple international reports, the conflicts have triggered sharp rises in global energy prices, supply chain disruptions, and inflationary pressures, with Asia - as a major importer of energy and hub of global manufacturing - particularly vulnerable.

　　Lin said that "Asia"s development cannot be separated from unity. The BFA has always practiced multilateralism, aiming to build Asian consensus and promote regional integration."

　　Despite challenges, participants agreed that Asia is a major force of global growth.

　　Murtaza Syed, head of ecosystem in the Economics Department at the Asian Infrastructure Investment Bank, told the Global Times on Tuesday on the sidelines of the BFA that "Asia has emerged as a very important engine of the global economy. Almost three-quarters of global growth will come from Asia in the next few years."

　　"More importantly, for the first time since the industrial revolution, technology has begun to flow from the East to the West. The biggest force in this technological revolution is China. The biggest opportunity is to use the technology we have now in Asia and start to export it to the rest of the world," said Syed.