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Latest news and updates on the Boao Forum for Asia; the annual gathering of government leaders, business titans and entrepreneurs in the Hainan town which is often billed as China’s answer to the World Economic Forum in Davos, Switzerland.
In recent days China’s leaders have been going all out to reassure investors that it is committed to reform and opening up. There are reasons to believe Beijing is serious this time, having realised the crucial role the private sector must play to revitalise the economy.
Premier’s stress on the importance of private sector, further opening up to foreign investment and trade should boost confidence at home and abroad amid economic challenges.
- There have been many ‘expressions of interest’ by Chinese businesses to work with Australia, mining billionaire Andrew Forrest says at Boao Forum
- The tycoon calls for countries to work together to tackle climate change, and says China can be a leader in creating ‘renewable energy’ supply chains
International Monetary Fund (IMF) managing director Kristalina Georgieva spoke about global debt restructuring at the Boao Forum for Asia on Thursday following a report that a record number of countries are all in sovereign default.
Lu Lei, deputy head of China’s foreign exchange regulator, says authorities must become more vigilant of risks in the financial sector following the sudden collapse of Silicon Valley Bank.
‘Big powers have a heavy responsibility’, Singaporean Prime Minister Lee Hsien Loong tells annual forum, as Malaysia’s Anwar Ibrahim calls for ‘spirited collaboration’.
Zhang Yuzhuo, chairman of the State-owned Assets Supervision and Administration Commission, says body is willing to enhance cooperation mechanism with city.
Speaking at the Boao Forum for Asia, China’s Premier Li Qiang lashed out at trade protectionism and supply chain decoupling, while touting the Chinese economy’s ‘strong’ growth momentum.
The Regional Comprehensive Economic Partnership offers China an opportunity to capitalise on diversification trends and tap Southeast Asia’s growing middle class, economists and business executives say.
China and the 10-nation Asean bloc are looking to enhance agricultural ties, including in technology and training, with Hainan positioned as a possible ‘gateway’ for more trade, diplomats say.
With China looking to reconnect with the business world, this week’s Boao Forum for Asia in Hainan offers a glimpse at how authorities are hoping foreign investors and businesses can reinvigorate China’s economy.
Singapore will be keen to show its continued geopolitically neutral stance, while Malaysia is expected to prioritise economic issues, push for more investment.
It’s Lee’s first mainland visit since the pandemic began; in CCTV interview he describes China-Singapore relations as ‘very good’.
Numerous sports and trade events are expected to return to China this year after being postponed, scaled down or held online since the coronavirus pandemic began.