Boao Forum for Asia 2024 Annual Conference: Responding to Challenges and Creating a Better Future

Respond to common challenges and create a better future—Boao Forum for Asia 2024 Annual Conference gathers strength to work together

Spring in Hainan, Boao’s strong voice. On March 29, the Boao Forum for Asia 2024 Annual Conference came to a successful conclusion.

In today’s world, changes that have occurred over a century are accelerating, the world economy is recovering sluggishly, and peace and development are facing severe challenges. The international community’s demands for peace, cooperation and development are unprecedentedly urgent.

From March 26 to 29, nearly 2,000 representatives from more than 60 countries and regions gathered in Boao to exchange ideas, collide with opinions, and gather the confidence and strength to work together to create a better future.

Deepening consensus: cultivating new momentum for sustainable development

“The world has entered the slowest five years of growth in 30 years.” “The general trend of global economic growth, which is fast in the east and slow in the west, has further strengthened. The weight of the Asian economic sector has increased significantly, and the Chinese economy is still an important engine.” “Geopolitical conflicts have torn apart global unity. market, unified industrial chain layout, and hope that Asia will become a leader in openness, rather than a promoter of closure.”…

On the afternoon of March 27, the “World Economic Outlook” sub-forum was packed with guests, and the guests candidly shared their opinions and views on global development topics.

This is the scene of the “World Economic Outlook” sub-forum at the Boao Forum for Asia 2024 Annual Conference (photo taken on March 27, 2024).Photo by Xinhua News Agency reporter Tang Rufeng

Since 2013, Chinese President Xi Jinping has delivered keynote speeches at the Boao Forum for Asia Annual Conference five times, explaining China’s development path, answering the questions of the times, and contributing to China’s efforts to build a community with a shared future for mankind and create a better future for Asia and the world. Wisdom, Chinese solutions.

Currently, the world is facing numerous and complex problems; at the same time, the world economy is gradually emerging from the haze of the epidemic, and new growth drivers brought by technological innovation are emerging.

How should countries strengthen macroeconomic policy coordination and cultivate new growth drivers? What impact will the new round of technological revolution and industrial transformation represented by artificial intelligence have on the world? This annual meeting further deepened many consensuses.

Create an innovation engine——

“I have attended many international conferences recently, and almost everyone is talking about the ‘two A’s’, Asia and artificial intelligence (AI). For the sustainable development of the world economy, these ‘two A’s’ are crucial .” said Yoshiko Shimizu, executive director of the Bank of Japan.

Staff members work in the Computing Power Center of the State Key Laboratory of Public Big Data jointly built by Guizhou University and the Provincial Department (photo taken on May 23, 2023).Photo by Xinhua News Agency reporter Liu Xu

“AIGC changes the world” and “digital economy of integration and innovation”… focusing on cutting-edge topics of technological development and industrial transformation, all parties participating in the meeting conducted in-depth discussions on new momentum for Asia’s development.

Zhou Xiaochuan, Vice Chairman of the Boao Forum for Asia and Chief Representative of China, said that Asia is shaping the future of global digital innovation. The world is looking forward to Asia’s solutions when it comes to strengthening global science and technology governance, promoting fair competition and secure and orderly cross-border flow of data, aligning artificial intelligence with diverse human values, narrowing the digital divide, and protecting workers’ rights and interests.

Today, Asia has become the most dynamic region with the most growth potential in the world, accounting for 40% of the world’s total economic volume and contributing more than 70% to global economic growth. Guests attending the meeting believed that seizing the opportunities of the new round of technological revolution and industrial transformation will inject strong “Asian power” into world economic growth.

Promote green transformation——

As the most populous region in the world, Asia shoulders the arduous task of green and low-carbon development. At the same time, Asia has core technologies for clean production and has concentrated a large amount of investment in clean energy. There is huge room for green production, infrastructure construction, capital and technical cooperation.

This is the Boao near-zero carbon demonstration zone located on Dongyu Island, Boao Town, Qionghai City, Hainan Province (photo taken on March 18, 2024, drone photo).Photo by Xinhua News Agency reporter Yang Guanyu

“Only when all countries work together to promote clean energy transformation can we move towards a zero-carbon future.” said Gao Jifan, chairman of Trina Solar Co., Ltd.

Adhere to openness and inclusiveness——

“Reducing trade fragmentation”, “Investing in Asia’s future”, “Building Asia’s growth center”…each topic touches on the key to the economic development of Asia and the world.

“Globalization and growing world trade have been the pillars of Asia’s economic success over the past few decades.” said Coleman, Secretary-General of the Organization for Economic Cooperation and Development, to improve the effectiveness of globalization through a sustainable, equitable and inclusive approach. , so that all countries in the world can benefit.

China actively promotes the Regional Comprehensive Economic Partnership Agreement and promotes high-quality development of the Belt and Road Initiative, which attracts great attention from all parties present.

“Since the joint construction of the ‘Belt and Road’ initiative was proposed more than 10 years ago, it has shown results in poverty reduction, food security, development financing, climate change response, digital economy and other fields.” Dominica Prime Minister Skerrit said.

Sharing opportunities: China’s innovation and development provide momentum for the world

At this annual meeting, China’s economy has once again become the focus of attention from all parties.

“China’s economy has been rising steadily in the first two months, which is a good start. 2024 will be a good year.” said Liu Qiao, dean of Peking University Guanghua School of Management.

As the world’s second largest economy, China’s economy will continue to contribute more than 30% to world economic growth in 2023. In the first two months of this year, the profits of industrial enterprises above designated size nationwide increased by 10.2% year-on-year, and the growth rate of private investment turned from a decline in the entire previous year to growth.

Lin Yifu, honorary dean of the National School of Development at Peking University, believes that by making good use of macro policy space and continuing to promote technological innovation and reform and opening up, China’s economy is expected to achieve its expected growth goals. “China will remain the main driver of world economic growth.”

From “‘Innovation, Green, Digital Intelligence, and Integration’ leading high-quality development” and “Breakthrough of the real economy” to “The future of the new energy vehicle track”, at each sub-forum, Chinese and foreign people focused on the new highlights of China’s economy, New trends show confidence in China’s economy.

Consumers learn about Xiaomi SU7 cars in a Xiaomi car retail store in Beijing (photographed on March 28, 2024).Photo by Xinhua News Agency reporter Ju Huanzong

By accelerating the creation of new momentum and new advantages, China will inject strong impetus into the recovery of the world economy——

“The key to new quality productivity is ‘quality'” “China’s efforts to improve total factor productivity will provide useful experience for world economic development”… New quality productivity is one of the topics of greatest concern to all parties at this annual meeting.

“Last month I went to Tianjin Port, a fully automated, digital twin terminal. In the past, workers lifting containers was a very hard manual job, but now workers can sit in air-conditioned operating rooms and operate on fully digital operating screens. .” Li Yang, Vice Minister of the Ministry of Transport, said at the annual meeting.

The cargo ship is berthed in the berth in the north channel of Tianjin Port (photo taken on March 20, 2024, drone photo).Photo by Xinhua News Agency reporter Zhao Zishuo

In Li Yang’s view, China has built the world’s largest highway network, high-speed railway network, postal express network and world-class port cluster, all of which are inseparable from innovation.

Nearly half of the world’s installed photovoltaic power generation capacity is in China, more than half of the world’s new energy vehicles are driving in China, and a quarter of the world’s new green area comes from China… China has actively and steadily promoted carbon peak and carbon neutrality, forming a large-scale development growth volume, giving birth to a market size of 10 trillion yuan per year.

This is a fishery and light complementary project constructed in Huancheng Town, Weishan County, Jining City, Shandong Province, using about 3,600 acres of water surface in the coal mining subsidence area (photo taken on March 20, 2024, drone photo). The project integrates photovoltaic power generation, fishery breeding, and ecological restoration.Photo by Xinhua News Agency reporter Guo Xulei

From a traditional business centered on iron ore exports to green energy, Dino, CEO of the metals business of Fortescue Metal Group, said that China is the most important part of the company’s transformation story. “We are confident that by cooperating with Chinese companies, we can sell green and low-carbon products to all parts of the world,” he said.

The door of opening up is opening wider and wider, and the Chinese market provides vast opportunities to the world——

More than 200 kilometers away from the venue, Hainan Yangpu International Container Terminal was busy.

“We have fully launched the expansion project of Hainan Yangpu Container Hub Port and deployed 40 routes. Among them, foreign trade routes cover Southeast Asia, South Asia, Australia, South America, West Africa and other regions, which will better serve regional trade development.” Vice President of COSCO Shipping Group Manager Zhang Yong said at the global free trade port development sub-forum.

Putting system integration and innovation in a prominent position, the construction of free trade ports with Chinese characteristics has been accelerated.

It has comprehensively lifted restrictions on foreign investment in the manufacturing sector, released the national negative list for cross-border trade in services for the first time, and added six more countries to its visa-free “circle of friends”… Not long ago, China introduced a series of opening-up measures, which attracted strong attention from the guests attending the meeting.

Based on the open policy of the free trade port, Swiss Hotel Lausanne Group is building an independent school project in Sanya. Carol Ackerman, chairman of the group’s board of directors, looks forward to deepening cooperation and sharing opportunities with Hainan in areas such as talent training and technological innovation.

Pioneering peers: creating a new picture of prosperity and development

“All countries in the world are on a big ship with a shared destiny. If they want to sail through the stormy seas and sail towards a bright future, they must work together.” Two years ago, President Xi Jinping used a “ship” as a metaphor at the opening ceremony of the Boao Forum for Asia 2022 Annual Conference, vividly describing the general trend of the era in which mankind has a shared destiny.

At the opening ceremony of this annual meeting, Ban Ki-moon, Chairman of the Boao Forum for Asia, once again used the metaphor of “boat” and issued an appeal: “The global crisis forces us to sit in the same boat. We have no other choice but to row in the same direction. And it’s the right direction. We face common challenges and must shoulder our responsibilities.”

Join hands to meet challenges and cooperate to create the future, becoming the strongest voice of this annual meeting.

Let’s work together to safeguard Asia’s security and contribute positively to world peace and stability——

Speeches, handshakes, discussions… In recent days, the Boao Forum for Asia International Conference Center has been crowded with people, and all conference rooms are full.

The Five Principles of Peaceful Coexistence were first launched in Asia 70 years ago and still have strong vitality today. Guests at this annual meeting said that joining hands to build an Asian community with a shared future and create an anchor of world peace and stability, a source of growth power, and a new highland for cooperation is not only the common aspiration of the Asian people, but also the common responsibility of all countries.

China and Nauru resumed diplomatic relations on January 24 this year. Only two months later, President Adiang of Nauru officially visited China and attended this annual meeting.

“We are grateful to the forum for providing a vital platform to discuss the pressing challenges facing the Asia-Pacific region and the world.” Adiang said that bridges must be built, not walls, to build a closer world.

Let’s work together to promote Asia’s development and provide strong support for world economic recovery——

The “Asian Economic Prospects and Integration Process 2024 Annual Report” released by the Boao Forum for Asia predicts that Asia’s economic growth rate will reach about 4.5% in 2024, and its GDP will account for 49% of the global share.

Zhou Xiaochuan said that Asia should join hands with the world to jointly promote global governance and return the world to the track of peace, stability and sustainable development.

Lee Hee-seop, Secretary-General of the China-Japan-ROK Cooperation Secretariat, said that the Asian region has accumulated trust through cooperation mechanisms and is also building a more inclusive and effective regional cooperation architecture under the framework of the Regional Comprehensive Economic Partnership Agreement.

This is the Boao Forum for Asia International Conference Center (photo taken on March 25, 2024).Photo by Xinhua News Agency reporter Yang Guanyu

Let’s work together to be practitioners of cooperation in Asia and build broad consensus for world unity and cooperation——

Gita Gopinath, First Deputy Managing Director of the International Monetary Fund, called on all countries to further build consensus and expand cooperation in areas of common interest such as artificial intelligence, debt and climate change.

Participants believed that this annual meeting will help countries pay more attention to how to cooperate so that their people can enjoy peace and prosperity.

The sea embraces all rivers and sails together, creating beauty and common prosperity. Outside the venue, a sculpture titled “Song of the Belt and Road” stands where the three rivers meet the sea, conveying the beautiful vision of all parties working together to create a better future.

Text reporters: Liu Changlin, An Bei, Pan Jie, Liu Shuo, Cheng Xin, Song Chen

Video reporters: Chen Yang, Mei Yuanlong, Jiang Sai, Zheng Xin, Wang Junfeng, Zhao Yuhe, Guo Liangchuan, Li Duojiang

Poster design: Pan Hongyu

Editors: Jin Di, Li Yan, Zheng Yaning, Cheng Hao, Guo Jieyu

Coordinator: He Yuxin, Huang Xiaoxi

2024-03-29 15:42:59
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