By engaging in initiatives, such as the Belt and Road Initiative, the China-Mongolia-Russia Economic Corridor and the Greater Tumen Initiative, they can help expand opportunities for cooperation and foster economic growth in the region, further benefiting both people and businesses, Xu added.

Jilin Vice-Governor Liang Renzhe said at the forum that young entrepreneurs in Northeast Asia are expected to advance regional and multilateral cooperation in hopes of injecting positive energy into the building of an open world economy.

It is a rare opportunity that over 200 outstanding young entrepreneurs from the region are all gathered together, with hopes that they can collaborate for mutual benefit and win-win partnerships, Liang said.

With a well-established industrial system and abundant natural resources, the province has gained a competitive edge in certain industries, including automobiles, agricultural processing, eco-tourism, healthcare, petrochemicals, manufacturing and electronics.

Today, Jilin is a key gateway for China's northern opening-up and a central hub for Northeast Asia cooperation.

He hopes that the young entrepreneurs can use these advantages to focus on Jilin's revitalization and growth by establishing high-quality projects and bringing in advanced technology.

President of the Mongolian Youth Federation Sergelenbaatar Batsambuu said the federation is eager to strengthen collaboration with other youth organizations in multiple fields, including education, healthcare, business management and culture.

He called for young entrepreneurs to maintain close connections, innovate collaboratively and strive for mutually beneficial cooperation.

He added that young people, as the primary drivers of the economy, are likely to come together at the peak of success to achieve mutual learning and collective development.

The event also featured a range of activities, including project presentations for economic cooperation, specialized dialogues for young entrepreneurs and visits to local industries in Changchun.

Entrepreneurs from the region engaged in in-depth discussions and exchanged ideas covering modern equipment, new energy, modern services, modern agriculture and the digital economy.