Sum­mer Davos 2019 par­tic­i­pants eye world be­yond trade war

Global Times US Edition - - BIZUPDATE - By Li Qiaoyi in Dalian Page Ed­i­tor: [email protected]­al­times.com.cn

China has world-class tech­nol­ogy pro­duc­ers, an ex­ec­u­tive of the World Eco­nomic Fo­rum (WEF) told the Global Times on Sun­day at the venue of the WEF’S An­nual Meet­ing of the New Cham­pi­ons 2019, where mul­ti­ple 5G use cases are be­ing show­cased.

A 5G-en­abled smart sand box grabbed plenty of at­ten­tion at the an­nual meet­ing, also known as Sum­mer Davos, that’s to be held in Dalian, North­east China’s Liaon­ing Prov­ince from Mon­day through Wednesday. The box pro­vided a mixed re­al­ity hands-on ex­pe­ri­ence, with vis­i­tors wear­ing vir­tual re­al­ity head­sets be­com­ing in­stantly im­mersed in the sense that they’re in a vir­tual world that changes si­mul­ta­ne­ously as the sand gets re­shaped in the box.

The 5G rate ex­ceeded 560 MB per sec­ond on a ZTE 5G smart­phone dur­ing a test run at the con­fer­ence venue on Sun­day.

5G-pow­ered hand­sets can read­ily ac­cess the 5G net­work cov­er­ing the venue, ac­cord­ing to a fo­rum em­ployee.

Stat­ing that there are also bril­liant tech­nol­ogy pro­duc­ers in Europe, Oliver Cann, head of strate­gic com­mu­ni­ca­tions of the WEF, urged that tech­nol­ogy be used in ways that bring dif­fer­ent seg­ments of so­ci­ety to­gether, rather than drive them apart.

“This year is a re­ally spe­cial year for us ... We have more govern­ment ministers than ever be­fore,” he told the Global Times, and 70 per­cent of the meet­ing par­tic­i­pants come from out­side China.

Also worth not­ing is that the US is only af­ter China in the at­tendee rank­ings, de­spite bi­lat­eral trade ten­sions.

The trade war is also a highlight at this year’s Sum­mer Davos, with a ses­sion sched­uled for Mon­day af­ter­noon themed “Go­ing Be­yond a Trade War” to be at­tended by pan­elists in­clud­ing Charles Li, chief ex­ec­u­tive of Hong Kong Ex­changes and Clear­ing.

The trade war is among the top­ics of in­ter­est for Amy Bern­stein, the ed­i­tor of Har­vard Busi­ness Re­view, who is also keen on cor­po­rate lead­er­ship and cy­ber­se­cu­rity.

Not­ing that China’s econ­omy will re­main one of the pow­er­houses of the world, she told the Global Times that “trade wars are never good for any­one.”

Cann called on peo­ple to look be­yond the trade war. “We’ve re­ally got to work to­gether to solve the prob­lems we face, whether it’s global eco­nomic growth or the build­ing of a fairer so­ci­ety.”

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