"As China transits to a more innovation-driven economy, an understanding of how businesses deal with this change is critical to operating in this environment," said Rachel Duan, president and CEO of GE China.
The emergence of this beach resort is but one example of China's rise from an isolated and underdeveloped country to the world's second-largest economy. The magic formula for this is China's opening-up to the outside world and becoming actively involved in the globalization of the world economy.
Over the five years since Xi was elected general secretary of the CPC Central Committee at the 18th Party National Congress in November 2012, much has been achieved in economic development, social progress and diplomacy.
Another two berths, each with a 225,000-ton capacity, are close to being completed on Phoenix Island, according to local officials. The construction is a testament to Hainan's ambition to turn Sanya into an Asian Miami, on par with Miami, Florida, in the United States, which is known as the cruise capital of the world.
Xi has fully displayed his farsightedness and his ability to design long-term strategy and demonstrate that he always maintains people's interests as the focus of his work. His deep concern for people's well-being has strengthened the cohesion of the Chinese nation, and has become the mainstay of the Party, the country and its people.