Explainer: What does China's innovation-driven development strategy mean for the world?

Take the China-Laos Railway, a landmark Belt and Road project. Since operations began in December 2021, landlocked Laos has become a land-linked hub in Southeast Asia. The railway's Lao section has created more than 110,000 local jobs.

Through multilateral mechanisms such as the Belt and Road Initiative and the Regional Comprehensive Economic Partnership, China's sci-tech achievements have delivered new options in 5G communications, biomedicine and numerous realms, while also providing growth momentum.

Gu Qingyang, a scholar at the National University of Singapore, said the extensive application of China's sci-tech accomplishments not only leads to its domestic industrial upgrading, but also lends impetus to the neighboring areas.