Chinese Premier Li Qiang said on Tuesday in Davos the Chinese economy was open for business and highlighted its potential for foreign investment as its vast population becomes rapidly more urban and its middle class is forecast to grow.

The main business of the World Economic Forum kicks off on Tuesday with a speech by Chinese Premier Li Qiang top of the agenda.

In a sudden shift, artificial intelligence (AI) has pushed cryptocurrency firms aside at the 2024 World Economic Forum and has been seen dominating the main strip in Davos, as reported by the CNBC.