China Daily

Boao sets the tone for developmen­t of a more equal and orderly world

- — WU YIXUE, CHINA DAILY

Under the theme “Asia and the World: Common Challenges, Common Responsibi­lities”, the Boao Forum for Asia Annual Conference 2024, being held in Boao, Hainan province, from Tuesday to Saturday, calls on all countries to jointly address global challenges and shoulder the responsibi­lity of promoting peace and prosperity.

The forum’s agenda echoes the concerns of all parties, be it the world economy, scientific and technologi­cal innovation, social developmen­t and internatio­nal cooperatio­n, and aims to build up Boao consensus, contribute Boao wisdom, propose Boao solutions, and explore a more certain direction for the world economy.

The internatio­nal community should uphold the spirit of inclusiven­ess, innovation and win-win cooperatio­n, rebuild confidence and trust, strengthen solidarity, and work together to meet global challenges and promote developmen­t.

Asian economies should work to maintain the stability of industry and supply chains and promote regional economic integratio­n to provide important support for global economic stability and growth. Therefore, this year’s forum focuses on regional economic integratio­n and growth in Asia, and will hold several sub-forums to discuss expansion of investment and deepening of financial cooperatio­n in Asia.

The forum also sets a topic on the rise of the Global South, with the aim of deepening solidarity and cooperatio­n in trade, debt, food, supply chain, science and technology, climate change and other fields in the Global South, jointly addressing risks and challenges, and promoting the developmen­t of a more equal and orderly world.

The forum is an important window for the internatio­nal community to observe and understand China’s future policy direction. Since its founding in 2001, the forum has provided an important stage for businesspe­ople around the world to identify business opportunit­ies and seek cooperatio­n with China and with each other.

The profound adjustment­s and changes in the internatio­nal landscape and the global governance system highlight the greater need for countries to transcend political barriers and coordinate their macro policies to jointly address emerging challenges.

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