China News Service, Guangzhou, December 4 (Sun Qiuxia) The 18th International Finance Forum (IFF) opened in Guangzhou on the 4th.
With the theme of "Sustainable Development under Global Challenges: Competition, Change, and Cooperation", the conference invited global financial leaders and heads of various financial departments to analyze and interpret the global economic structure and its changing trends.
Zhou Xiaochuan, the former governor of the People's Bank of China and chairman of the IFF conference, said in his speech that affected by the epidemic, the global supply chain has been blocked, international energy, food and asset prices are high, inflationary pressures are rising, and the global economic recovery is facing uncertainty.
The purpose of this annual meeting is to discuss in depth the common challenges facing the world, promote consensus, and speed up action.
He Houhua, vice chairman of the 13th National Committee of the Chinese People’s Political Consultative Conference, said in his speech at the opening ceremony that the world is undergoing major changes unseen in a century. The impact of the new crown pneumonia epidemic on the world has caused major economic and social crises in all countries. We need to work hand in hand to overcome the difficulties and jointly deal with the various variables that threaten the overall sustainable development of the world.
Gao Yan, chairman of the China Council for the Promotion of International Trade, said that the current world economic recovery is difficult, the growth rate of global trade and investment has slowed, and the international situation continues to undergo complex and profound changes.
Most countries have intensified their internal solidarity, global industrial chains and supply chains have been reshaped, trade frictions have emerged one after another, and foreign investment restrictions and inspections have become stricter.
But no matter how the world situation evolves, the general trend of peace and development has not changed, and the general trend of countries seeking openness and cooperation has not changed.
It is worth noting that this conference set up a special discussion on “The Belt and Road Initiative and China’s Poverty Reduction Experience”, focusing on China’s announcement of eliminating absolute poverty and building a moderately prosperous society in an all-round way to promote global sustainable development, as well as China’s contribution to global sustainable development. The experience and measures of poverty reduction and promotion of sustainable development for the underdeveloped regions of the world, especially the countries along the "Belt and Road" under the epidemic, invite domestic and foreign experts to discuss.
At this conference, the International Finance Forum and Goldman Sachs jointly launched the China-US Green Finance Working Group.
The US-China Green Finance Working Group is co-chaired by Zhu Xian, Vice Chairman and Secretary-General of the International Finance Forum, and John Waldron, President and Chief Operating Officer of Goldman Sachs Group. It will bring together senior leaders of global companies and experts and scholars from leading research institutions to discuss climate change The changed measures provide advice and work support to policy makers, and strengthen the green financial cooperation between the public and private sectors.
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