For Better Global Governance
On May 7, the Academy of Contemporary China and World Studies affiliated to publishing conglomerate China International Publishing Group and The Bridge Tank, a French think tank, hosted a webinar on China-france cooperation and how the two countries can jointly promote a more just and equitable global governance in the post-epidemic era. Following the China-france Global Governance Forum in Paris in 2019, this webinar was the latest initiative to strengthen dialogue and cooperation on global governance between the two countries. This is an edited excerpt of what was said:
President of The Bridge Tank
The world we live in is in turbulence because of the pandemic. Against this backdrop, it is necessary for France and China to carry out in-depth and high-level communication.
Today’s world is inundated with fake news and blame games. The truth will slowly emerge from the pandemic, but the economic impact is already being felt. Globalization is the common property of the world, and public health security, trade and climate stability are its important aspects. So countries need to think more about how we can work together. People-to-people exchanges should be strengthened as they are conducive to defeating fake news.
Counsellor of the State Council of China and former Vice Finance Minister
The immediate task for countries is to ademission trading system in a step toward establishing a national carbon market. As the two most important carbon emission trading markets in the world, China and the EU, despite respective shortcomings, can work together to achieve their missions. There is a lot of evidence that infectious diseases are actually linked to climate change. Fight against climate change should never stop and we need to contribute more than ever to reduce carbon emissions.
Director of the Institute for China’s Economic Practice and Thinking, Tsinghua University
Human society is now facing the most serious challenges since the end of World War II. The pandemic is so widespread that no country is immune. The first fallout from the outbreak was a surge in unemployment. The second one is politicians making self-serving attempts policies since the outbreak. The U.S. Federal Reserve has unveiled unlimited quantitative easing, an aggressive move to prop up the economy, followed by the European Central Bank and the Bank of Japan. This kind of move will actually cause instability in global financial markets and impact various economies. Measures are needed to coordinate the monetary policies of countries. Only in this way can the world economy enjoy steady growth.
Dean of the School of Applied Economics, Renmin University of China
Although voices of deglobalization or anti- globalization have been heard, there are also strong forces that support globalization and free trade. In the postpandemic era, peace and development