China News Service, Boao, March 28th: ​​China once again signals openness and cooperation that the world economy needs Asian empowerment

　　China News Service reporter Chen Su

　　The opening ceremony of the Boao Forum for Asia 2024 Annual Conference will be held here on the 28th. Zhao Leji, Chairman of the Standing Committee of the National People's Congress, attended the opening ceremony and delivered a keynote speech.

　　At this Boao Forum, China once again released a strong signal of openness and cooperation. Guests and experts at the meeting said that the world economy needs Asia to empower and inject "stabilizers."

——Continue to open up and stabilize global expectations

　　The current global economic growth is weak. The International Monetary Fund (IMF) predicts that the world economy will grow by 3.1% in 2024. The global economy continues to be sluggish, and trade protectionism and anti-globalization trends have become one of the main factors dragging down the world economy. The world urgently needs to re-embrace openness and cooperation.

　　Over the years, China has continued to send signals of openness and cooperation at the Boao Forum for Asia. Guests at the meeting said that as the world's second largest economy, China continues to release signals of expanding opening-up, which will help increase global confidence.

　　Zhang Yongjun, Secretary-General of the China Center for International Economic Exchanges, said that the current slowdown in world economic growth and high inflation are, to some extent, due to the influence of the "Cold War mentality" and "zero-sum game" thinking in some countries. Anti-globalization has hindered international trade and international division of labor and cooperation, and has had a significant adverse impact on the current world economy and international politics.

　　"China upholds an open and cooperative attitude, advocates global development, carries out normal trade exchanges with most countries and regions around the world, and maintains the stability of global industrial and supply chains, which helps reduce the negative impact of trade protectionism and promote stable growth of the world economy. Sustainable growth." Zhang Yongjun said.

——Strongly support cooperation to promote world stability

　　Affected by the epidemic and geopolitics, the world today is becoming fragmented, and peaceful development has encountered countercurrents. As a major developing country, China strongly supports dialogue and cooperation to promote world peace and stability.

　　Asia has nearly 60% of the world's population, accounts for more than 40% of the world's total economic output, and contributes about 70% to world economic growth. As one of the regions with the most dynamic economic growth in the world, Asia's unity, cooperation and peaceful development are of great significance to the world.

　　Wang Yiwei, a professor at the School of International Relations at Renmin University of China, said that Asia is one of the vitality sources of the global economy, and regional integration cooperation such as the Regional Comprehensive Economic Partnership (RCEP) has injected positive energy into globalization. At a time when globalization is facing transformational challenges, the world needs Asia's empowerment even more.

　　The "2024 Annual Report on Asia's Economic Prospects and Integration Process" released at this annual meeting believes that Asia is the mainstay of world economic growth in the post-epidemic era, and openness and cooperation remain the key to Asia's future development.

——Development opportunities add momentum to the world

　　In 2023, China's economy will grow by 5.2%, ranking among the top of the world's major economies, and contributing more than 30% to global economic growth. China is an important source of power for the world economy. China is comprehensively promoting Chinese-style modernization with high-quality development, which will inject strong impetus into the recovery of the world economy and provide more opportunities for the development of other countries, especially the development of its Asian neighbors.

　　In the first two months of this year, China's economic indicators showed a steady and positive trend. In this year's government work report, China proposed "new quality productivity" for the first time, which also injected new development vitality into China.

　　Guests attending the meeting believed that China will continue to be a major contributor to global economic growth, and its large market size of 1.4 billion people and new path of high-quality development will bring huge dividends to the world.

　　Zafar, policy advisor to the Secretary-General of the Boao Forum for Asia, believes that with the introduction of new productive forces, China will promote high-quality development in the direction of innovation, green, digital intelligence, and integration, and will also promote high-quality development through the “Belt and Road” initiative. The quality development model is delivered to the world.

　　Wu Chun, executive partner of Boston Consulting Group (BCG) in China, said that in the face of world uncertainty, China has shown its characteristics of strong resilience, great potential, and vitality, and continues to release a firm attitude of high-level openness and supports accelerating high-quality development. It has undoubtedly added confidence and vitality to the world economy in a new round of recovery. It is believed that the Chinese government will take more effective measures to further open up the domestic market, remove barriers to entry, create a level playing field for multinational companies and investors, and provide momentum and internal driving force for world economic growth. (over)