https://www.scmp.com/rss/515286/feed 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. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Is China back in business after nearly three years of self-imposed isolation and amid rising geopolitical tensions with the West? That’s the million-dollar question on the minds of foreign thought leaders and CEOs of multinationals, including Apple’s Tim Cook, who converged on China last week on a fact-finding mission to assess the country’s future direction after its sudden reopening in December last year and the election of a new cabinet in March. China’s leaders clearly know what is at stake.... https://www.scmp.com/comment/opinion/article/3215348/china-rolling-out-red-carpet-foreign-investors-can-it-calm-nerves?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3215348/china-rolling-out-red-carpet-foreign-investors-can-it-calm-nerves?utm_source=rss_feed Sun, 02 Apr 2023 19:30:16 +0000 New premier Li Qiang has used his first formal public speech to try to shore up confidence in the private sector and among foreign investors. A boost is much needed following the pandemic slowdown, regulatory shake-ups, geopolitical uncertainties and Western banking collapses. That is not to mention restructuring of the financial sector and of technology development to tighten party control, revealed at the recent legislative session of the National People’s Congress. This has done little to... https://www.scmp.com/comment/opinion/article/3215649/boao-vow-li-qiang-comes-right-time-china-and-world?utm_source=rss_feed https://www.scmp.com/comment/opinion/article/3215649/boao-vow-li-qiang-comes-right-time-china-and-world?utm_source=rss_feed Fri, 31 Mar 2023 20:01:48 +0000 Australian and Chinese businesses have “weathered the storm” of a three-year bilateral conflict to reveal a mutual desire to resume trade and investments, mining billionaire and Australia’s richest man Andrew Forrest has said. Speaking from the Boao Forum for Asia conference in the southern Chinese province of Hainan on Thursday, Forrest said the reception from Chinese businesses was strong and there had been many “expressions of interest” by Chinese businesses to work with Australia. “The... https://www.scmp.com/week-asia/economics/article/3215582/australia-china-still-keen-resuming-trade-and-investment-after-diplomatic-thaw-mining-tycoon?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3215582/australia-china-still-keen-resuming-trade-and-investment-after-diplomatic-thaw-mining-tycoon?utm_source=rss_feed Fri, 31 Mar 2023 09:51:24 +0000 Vulnerable countries urgently need a faster and more efficient process to restructure debts, said the head of a major international financial institution, amid criticisms over China’s role in debt relief as sovereign defaults have reached a record high. Speaking at the Boao Forum for Asia on China’s Hainan island on Thursday, International Monetary Fund (IMF) managing director Kristalina Georgieva highlighted the hardships endured by people in low-income and vulnerable countries over the past... https://www.scmp.com/economy/global-economy/article/3215420/imf-chief-calls-faster-more-efficient-plan-debt-relief-amid-pressure-china-ease-distress?utm_source=rss_feed https://www.scmp.com/economy/global-economy/article/3215420/imf-chief-calls-faster-more-efficient-plan-debt-relief-amid-pressure-china-ease-distress?utm_source=rss_feed Thu, 30 Mar 2023 20:00:15 +0000 Chinese regulators should reflect on the sudden collapse of Silicon Valley Bank (SVB) by improving their risk detecting ability, said a senior official from the foreign exchange regulator. The failure of SVB and Signature Bank, along with trouble at Credit Suisse and Deutsche Bank in Europe, have highlighted uncertainty in the global banking sector and elevated financial de-risking on Beijing’s work agenda this year. “We should reflect on why crises such as the SVB [collapse] were not foreseen,”... https://www.scmp.com/economy/china-economy/article/3215416/china-must-reflect-collapse-silicon-valley-bank-keep-watchful-eye-liquidity?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3215416/china-must-reflect-collapse-silicon-valley-bank-keep-watchful-eye-liquidity?utm_source=rss_feed Thu, 30 Mar 2023 10:30:14 +0000 Southeast Asian leaders attending an annual economic forum in China have warned of the spillover effects of great power rivalry, calling for healthy competition instead in the latest sign of deepening worries in the region over US-China tensions. The US-China relationship was the “most worrying” and tensions between the two were felt “keenly” across the world, Singaporean Prime Minister Lee Hsien Loong told the Boao Forum for Asia in the southern Chinese province of Hainan on Thursday... https://www.scmp.com/news/china/diplomacy/article/3215413/boao-forum-singapore-malaysian-leaders-voice-concerns-over-spillover-effects-us-china-rivalry?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3215413/boao-forum-singapore-malaysian-leaders-voice-concerns-over-spillover-effects-us-china-rivalry?utm_source=rss_feed Thu, 30 Mar 2023 09:21:51 +0000 A key mainland Chinese official supervising the central government’s state-owned assets has called for a mechanism for closer cooperation with Hong Kong in guiding enterprises to contribute to the city’s development. Zhang Yuzhuo, chairman of the State-owned Assets Supervision and Administration Commission of the State Council, made the call on Thursday while meeting Hong Kong leader John Lee Ka-chiu on the sidelines of the Boao Forum for Asia in Hainan province. He said state-owned enterprises... https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3215376/john-lee-touts-experience-global-connectivity-hong-kongs-professionals-during-three-day-hainan-visit?utm_source=rss_feed https://www.scmp.com/news/hong-kong/hong-kong-economy/article/3215376/john-lee-touts-experience-global-connectivity-hong-kongs-professionals-during-three-day-hainan-visit?utm_source=rss_feed Thu, 30 Mar 2023 06:56:33 +0000 Chinese Premier Li Qiang said on Thursday that Beijing will stand firm against decoupling and trade fragmentation, while promising new efforts to reconnect the nation’s recovering economy with the world. Li’s comments at the Boao Forum for Asia, dubbed Asia’s Davos, highlight that the world’s second-largest economy wants to optimise its domestic business environment, continue opening-up and play a stabilising role in global trade, which is mired by geopolitical tensions and financial... https://www.scmp.com/economy/china-economy/article/3215359/premier-li-qiang-positions-china-centre-growth-and-certainty-amid-global-economic-recovery?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3215359/premier-li-qiang-positions-china-centre-growth-and-certainty-amid-global-economic-recovery?utm_source=rss_feed Thu, 30 Mar 2023 04:47:34 +0000 Chinese companies should leverage regional trade deals to consolidate business ties with their Asian partners amid a heightened rivalry with the United States, economists and business executives said at the Boao Forum for Asia. The experts said China could be using the Regional Comprehensive Economic Partnership (RCEP) to diversify its supply chain and seek more partnerships with Southeast Asian countries, which would help it climb up the industrial chain and keep competitive. RCEP, comprising... https://www.scmp.com/economy/china-economy/article/3215248/china-urged-leverage-southeast-asia-led-trade-pact-amid-diversification-trends?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3215248/china-urged-leverage-southeast-asia-led-trade-pact-amid-diversification-trends?utm_source=rss_feed Wed, 29 Mar 2023 22:15:13 +0000 China and the 10-nation Asean bloc should explore potential agricultural collaboration, with Beijing eager to enhance its ties with the region, officials and diplomats said at the Boao Forum for Asia. The Association of Southeast Asian Nations (Asean) topped China’s agricultural trade last year, reaching US$61 billion, followed by the United States and Brazil, according to Sui Pengfei, head of international cooperation with China’s Ministry of Agriculture and Rural Affairs. “Given the density... https://www.scmp.com/economy/china-economy/article/3215280/china-and-asean-aim-expand-agricultural-trade-more-us100-billion-5-years?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3215280/china-and-asean-aim-expand-agricultural-trade-more-us100-billion-5-years?utm_source=rss_feed Wed, 29 Mar 2023 11:30:09 +0000 In the face of US decoupling and tense geopolitical complications, Chinese and multinational companies need to make contingency plans for their production in the world’s second-largest economy, according to business executives. But even as that occurs, they say, China will continue to remain a global manufacturing hub. The remarks came at the Boao Forum for Asia that began on Tuesday in South China’s tropical Hainan province. Billed as China’s answer to the World Economic Forum in Davos, the... https://www.scmp.com/economy/china-economy/article/3215154/china-kicks-boao-forum-asia-looking-reconnect-business-world-looking-elsewhere?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3215154/china-kicks-boao-forum-asia-looking-reconnect-business-world-looking-elsewhere?utm_source=rss_feed Tue, 28 Mar 2023 14:30:12 +0000 The separate visits to China this week by the leaders of Malaysia and Singapore will showcase how Southeast Asian countries are adopting a strategy of “proactively” engaging and bolstering economic ties with Beijing amid heightened superpower rivalry, analysts say. Malaysia’s Prime Minister Anwar Ibrahim and Singapore’s Prime Minister Lee Hsien Loong are among the world leaders who will attend this week’s Boao Forum for Asia, an annual conference formed in 2001 to promote economic integration in... https://www.scmp.com/week-asia/politics/article/3215042/boao-forum-singapore-malaysia-showcase-proactive-china-diplomacy-dont-expect-any-fireworks?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3215042/boao-forum-singapore-malaysia-showcase-proactive-china-diplomacy-dont-expect-any-fireworks?utm_source=rss_feed Tue, 28 Mar 2023 01:30:21 +0000 Singapore’s Prime Minister Lee Hsien Loong has landed in Guangzhou for a six-day official visit to China, the first since the pandemic started, and is set to meet Chinese President Xi Jinping. Lee, who landed in the southern Chinese city on Monday afternoon, will also meet China’s new Premier Li Qiang and other high-level Communist Party officials, including Zhao Leji, the new head of the National People’s Congress (NPC), China’s top legislative body. According to a statement by the prime... https://www.scmp.com/news/china/diplomacy/article/3214957/singaporean-pm-lee-hsien-loong-kicks-six-day-china-visit-set-meet-xi-jinping-and-speak-boao-forum?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy/article/3214957/singaporean-pm-lee-hsien-loong-kicks-six-day-china-visit-set-meet-xi-jinping-and-speak-boao-forum?utm_source=rss_feed Mon, 27 Mar 2023 04:24:15 +0000 China is expected to resume hosting international events and exhibitions this year, as the country gradually reconnects with the rest of the world to regain footing in key economic and technology sectors. Quarantine measures for inbound travellers will be lifted and international flights will resume from Sunday as Beijing pivots away from its hardline zero-Covid policy, which has isolated the country for the past three years. The change will set the stage for numerous sports and trade events... https://www.scmp.com/economy/china-economy/article/3205873/chinas-pivot-zero-covid-sets-stage-boao-forum-asia-and-19th-asian-games?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3205873/chinas-pivot-zero-covid-sets-stage-boao-forum-asia-and-19th-asian-games?utm_source=rss_feed Fri, 06 Jan 2023 23:00:16 +0000