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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.
City is not being thrust forward as a leader in regional development plans as it once might have been, and grand ideas for Hainan province mean Hong Kong will have to play to its strengths.
- Boao Forum for Asia told China could do more ‘for the public good’ in effort to build trust with Asean neighbours
- Marine environmental protection, scientific research and search-and-rescue among areas seen as ripe for China-Asean cooperation
Panel discussion at Boao Forum in Hainan hears there is widespread belief in the industry that China is lagging behind on generative AI
Senior diplomat Liu Zhenmin tells Boao Forum in Hainan countries should resolve their disputes on a regional basis and warns outsiders not to ‘fan the flames’.
Head of country’s legislature says region should resist ‘bloc confrontation’, calls for unity and independence amid ‘serious challenges’.
Head of a trilateral organisation representing the three countries tells Boao Forum that no nation can face current geopolitical challenges on their own.
People’s Bank of China governor Pan Gongsheng tells the Boao Forum for Asia on Wednesday that established international institutions, including the International Monetary Fund (IMF), are in need of reform.
Nearly all of China’s top-level officials responsible for economic affairs have met or have plans to meet with multinational executives amid Beijing’s push to revive confidence and lure foreign investment.
Long Yongtu tells the Boao Forum for Asia that ‘globalised economic and trade systems are at stake’, and targeting Chinese companies in Mexico would mean higher prices for Americans.
Chinese delegates for years have robustly fended off criticism at the forum from neighbouring countries and Western governments.
China’s government is being urged to rethink the way it calculates key economic indicators, such as gross domestic product and the unemployment rate, to ensure they are appropriate for the modern digital economy.
There have been many ‘expressions of interest’ by Chinese businesses to work with Australia, mining billionaire Andrew Forrest says at Boao Forum.
‘Smell of gunpowder getting stronger’ as deployments by American forces in the region set historical record.
‘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.
Singapore will be keen to show its continued geopolitically neutral stance, while Malaysia is expected to prioritise economic issues, push for more investment.
China will continue to drive global economic growth and provide a huge market for foreign businesses, Premier Li Qiang tells annual Beijing forum.
It’s Lee’s first mainland visit since the pandemic began; in CCTV interview he describes China-Singapore relations as ‘very good’.
Treasury secretary Christopher Hui to go to UK in April and Algernon Yau to visit US in May.
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.
The sooner the central government starts giving out Hong Kong- and US-style consumption vouchers, the better, according to economists.
Southeast Asian firms will be incentivised to invest in Hainan under the free-trade port plan, especially in the service sector, thanks to the easing of restrictions and lower taxes, authorities say.
‘Strengthening the protection of middle-aged and senior populations would effectively reduce the burden of the pandemic on public health,’ says Chinese team.
Former central bank governor Zhou Xiaochuan says Chinese lending has long-term economic benefits and is asked for by debtor countries, but acknowledges some loans may not have always been ‘carefully designed’.
China’s yuan has depreciated by more than 1 per cent this week and by nearly 2 per cent this month, with policymakers concerned with stabilising prices and employment amid a slowing economy.
The People’s Bank of China on Thursday lowered its official yuan midpoint as authorities weighed risks to financial stability and economic growth, as well as a narrowing interest rate spread between China and the United States.
In a thinly-veiled rebuke of the US, President Xi Jinping said ‘hegemonism and power politics will only breach global peace’, while emphasising the resilience of the Chinese economy.
