Monetary and fiscal policies can keep the economy running smoothly in the short term, but more attention should be paid to the structural potential that can truly drive economic growth in the long run, said Liu Shijin, deputy director of the Economic Affairs Committee of the National Committee of the Chinese People's Political Consultative Conference.

Combating climate change is one of the few areas on which global consensus has been reached, Liu said. Therefore, we should focus on promoting green technology and turn the pressure of climate change into a driving force for global innovation and growth.

Liu added technological innovation can greatly reduce the cost of human society to deal with climate change. As the global economy enters the stage of digital transformation, Liu said he believed the digital economy will bring massive opportunities for both developed and developing countries.