Sci­ence in­no­va­tion will drive trade

Shanghai Daily - - TOP NEWS - Ding Yin­ing

BET­TER col­lab­o­ra­tion in the field of sci­ence and tech­nol­ogy in­no­va­tion to foster closer trade re­la­tion­ships is a pri­or­ity of of­fi­cials and ex­ec­u­tives at­tend­ing the par­al­lel ses­sion on Trade and In­no­va­tion of the Hongqiao In­ter­na­tional Eco­nomic and Trade Fo­rum.

Alibaba founder and Chair­man Jack Ma ex­pressed con­fi­dence in the role tech­nol­ogy would play in pro­mot­ing trade, and in the younger gen­er­a­tion for be­ing in­no­va­tive and un­der­stand­ing of dig­i­tal tech­nolo­gies.

Ma urged en­trepreneurs around the world to seize the his­toric op­por­tu­nity.

“Let other peo­ple com­plain. You should take ac­tion to sell to China — on­line, off­line, any­way you can — you just have to do it; years later, you will re­al­ize the op­por­tu­nity,” Ma said.

He added that go­ing to China is a “beau­ti­ful but not a smooth road.”

“Noth­ing can be achieved in one or two years,” he said.

He also de­scribed the US-China trade war as a “most stupid thing.”

For­mer Mi­crosoft Chief Ex­ec­u­tive and Chair­man of Terra Power Group Bill Gates called for bet­ter part­ner­ships and more ef­forts to foster in­no­va­tion.

The ex­ist­ing part­ner­ship be­tween the Gates Foun­da­tion and Chi­nese gov­ern­ment in­sti­tu­tions cover a wide range of ar­eas in health care and agri­cul­ture. Some of them have helped both in im­ports and ex­ports, Gates said.

“We will con­tinue to in­vest in new tech­nol­ogy that can help sup­port eco­nomic devel­op­ment, and hope these would be­come a model for more in­ter­na­tional co­op­er­a­tion that im­proves lives all over the world,” he said.

Croa­t­ian Prime Min­is­ter An­drej Plenkovic said that the coun­try has been nur­tur­ing in­no­va­tive new prod­ucts to com­pete at a global scale. It has great growth po­ten­tial within the frame­work pro­vided by the Belt and Road Ini­tia­tive.

Plenkovic also sees “many folds of op­por­tu­ni­ties” thanks to the in­trin­sic link be­tween China and cen­tral Asian coun­tries to drive in­no­va­tion and shape global trade.

Malta Prime Min­ster Joseph Mus­cat also pointed out that it was im­por­tant to “open the doors of the world to many small and mi­cro en­ter­prises,” as their nim­ble­ness is the main driver of com­pet­i­tive­ness.

Chief Ex­ec­u­tive of the Hong Kong Spe­cial Ad­min­is­tra­tive Re­gion Car­rie Lam is also ey­ing new mea­sures to em­brace the fourth in­dus­trial rev­o­lu­tion and pro­vide new mo­men­tum for trade devel­op­ment.

She plans to dou­ble Hong Kong’s re­search and devel­op­ment ex­pen­di­ture to 1.5 per­cent of GDP within five years from the cur­rent 0.73 per­cent.

Hong Kong would also be fo­cus­ing on in­no­va­tion and tech­nol­ogy for ap­pli­ca­tions in ur­ban man­age­ment as well as in car­ing for the el­derly.

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