Leading the way
This year, the forum is expected to help Asian economies and
different countries in the world build consensus on development and
reshape confidence in growth, according to Li Baodong, the forum's
secretary-general.
A key focus of this year's forum is to advance Belt and Road
cooperation as the initiative has promoted economic recovery in Asia and
adjacent regions, demonstrated the determination of Asian countries to
promote international cooperation, and also provided an "Asian
perspective" for improving global governance, he said.
Zhu Feng, executive director of the China Center for Collaborative
Studies of the South China Sea at Nanjing University, said the forum has
also become a key occasion for China to exchange its ideas with the
global community.
"With the pandemic yet to be brought completely under control and the
world struggling to recover from its fallout, the Chinese leadership's
call to expand opening-up and strengthen global governance will be
greatly welcomed," he said.
He went on to say that the role of Asia has been amplified in the
global economic landscape, and the need for better alignment in
international policies to strengthen global governance is now more
prominent.
"I believe Chinese leaders will seek to inject more confidence into
regional economic cooperation, stability and security," he said.
Key platform
Chi Fulin, president of the Haikou-based China Institute for Reform
and Development, said the forum has become a key platform for dialogue
between policymakers and business leaders.
He noted that more foreign business leaders are paying attention to
the latest developments in the Chinese market, and the forum has enabled
foreign entrepreneurs to learn about the general trends of China's
reform and opening-up.
The forum will also usher in discussions about how China can promote
economic globalization and ensure the stability of industry and supply
chains against the backdrop of the nation's ongoing efforts to foster a
new development paradigm with the domestic market as the mainstay and
the domestic and international markets reinforcing each other, he said.
Sylvain Laurent, executive vice-president of French software company
Dassault Systemes, said Boao provides a very high-level dialogue
platform for countries, government officials and enterprises to build
consensus and jointly promote the process of regional economic
integration.
"It has become an important bridge connecting China and the world,
and an international exchange platform with global influence," he said.
"The attraction of the Chinese market is not only in the more
standardized business and investment environment, but also in the
Chinese government's opening-up and cooperation attitude. We believe
that the Chinese market will be more dynamic and contain more potential
in the future," he said.
Shen, the economist, said the Asia-Pacific region has become the
greatest powerhouse of global growth, and China in particular is leading
the global economic recovery from the fallout of the pandemic.
As China is showcasing its growing vitality in economic growth and
the resilience of its industry and supply chains, the nation will again
make a new appeal for the building of a community with a shared future
for mankind, he said.
Wells from Prudential Plc said the company has keenly felt support
from Chinese regulators as it sought to further explore the Chinese
market with its Chinese partner CITIC Group.
"We are very positive about China. Opening up China's financial
sector creates new opportunities for collaboration between policymakers
and international businesses on solutions to broad-ranging issues
ranging from poverty reduction to access to healthcare.
"The drive to open up China aligns with our business objective to
deepen our presence in the market and further invest to address the
health, financial protection and savings gaps," he said.
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