The 2024 IFF Global Finance and Development Report forecasts global economic growth to remain sluggish at 3.2% in 2024, hindered by persistent inflation, geopolitical tensions, and a decline in foreign direct investment (FDI). The report notes that FDI is decreasing, particularly impacting emerging economies where inflows have dropped by 7%. Global trade dynamics are shifting, with merchandise exports turning negative, although value-added exports within global value chains show resilience. China's economy is projected to grow over 5% despite structural challenges, transitioning from an investment-driven model to innovation-led industries. The report highlights growth in China's high-tech manufacturing sector, exceeding 7% in 2023. The expansion of green finance is emphasised as a cornerstone for sustainable development. Global green bond issuance reached USD587.7bn in 2023, led by China, Germany, and the United States. However, the report points out gaps in China's technology finance, particularly in supporting high-tech startups and basic research, calling for improved funding structures to foster innovation.