Since the beginning of this year, orders for container ships and bulk carriers from abroad in Qingdao Shipyard, Shandong Province have been full, and production orders have been scheduled for 2025. The picture shows a ship that is about to be delivered in Qingdao Shipyard recently. Photo by Liang Xiaopeng (Xinhua News Agency)
On May 24th, the 2023 Global Trade and Investment Promotion Summit was held in Beijing with the theme of "Strengthening Confidence, Win-Win Cooperation and Building an Open World Economy". Representatives of trade promotion agencies and business associations from more than 30 countries and regions, diplomatic envoys in China, representatives of relevant international organizations and economic institutions, and representatives of Chinese and foreign enterprises attended the meeting. Participants said that it is the aspiration of the people to build an open world economy, and open global trade benefits all countries.
Economic decoupling brings extra burden.
According to the estimation of the World Trade Organization (WTO), the total volume of international trade will only increase by 2.7% in 2022, which is significantly lower than that in 2021, and it is expected to slow down further in 2023, with an estimated growth rate of 1.7%.
Rousseff, president of the New Development Bank, said that after World War II, the internationalization of trade, finance and information flow promoted the process of globalization. Since 2008, this process has been in crisis. Under the influence of geopolitical conflict and COVID-19 epidemic, global uncertainty and instability are more prominent.
"Some countries pursue unilateralism and protectionism and try to adopt the so-called decoupling policy ‘ Contain ’ China, this practice is the main threat to the current globalization pattern. Unilaterally raising tariffs and blocking China’s semiconductor industry chain through the Chip and Science Act will only disrupt the global value chain and further aggravate globalization and division. " Rousseff said.
"We should not forget that open global trade has benefited all countries and lifted hundreds of millions of people out of poverty." Klaus schwab, founder and executive chairman of the World Economic Forum, believes that any step towards decoupling the global economy will bring an extra burden to global economic development. Decoupling from global trade and investment flows will further raise the current "fever curve" of the world economy, which is characterized by high inflation, high debt and low growth.
Klaus schwab said: "Only by working together to create a win-win situation can a new economic revival be realized. We have different interests, but we need global cooperation to turn crises into opportunities and achieve mutual benefit and win-win results. "
Open cooperation breeds great opportunities.
In response to climate change and technological innovation, under the global change, how can villagers on earth share the development dividend?
"In the past 50 years, China has fully demonstrated how a country’s economic growth can promote common prosperity." Dominic barton, Chairman of Rio Tinto Group, said that the opening of China not only released a huge market, but also released the passion, intelligence and potential of more than 1.4 billion people. If this opening-up process is extended to "countries in the global south", covering more than 80% of the world’s population, it will not be a loss to the western world, but a huge opportunity.
The field of green energy is a typical representative of future-oriented cooperation among countries. "Energy transformation will give birth to new businesses, new formats and new models such as comprehensive energy services and energy big data, which will vigorously promote the interconnection of energy infrastructure and promote the coordinated development of the upstream and downstream of the industrial chain. It is estimated that 2021— In 2050, the global investment in the energy sector reached 131 trillion US dollars, creating a broad market space for revitalizing trade and investment. " Xin Baoan, chairman of State Grid Corporation, said.
Some multilateral platforms play an important role in the process of open cooperation. Jin Liqun, president of the Asian Infrastructure Investment Bank, said that in 2022, the AIIB provided a record $2.4 billion in climate financing, accounting for 56% of the total financing. In 2021, the major multilateral development banks contributed $82 billion in climate financing as a whole system, of which more than 60% went to low-income and middle-income economies.
"With the advent of the era of uncertainty, the performance of the multilateral system will determine whether mankind will achieve prosperity." Jin Liqun said that the long progress of human civilization clearly shows that we must turn to sustained global economic integration and multilateral cooperation.
The more interconnected, the more common prosperity.
"A key aspect of China’s contribution lies in its continuous promotion of building an open world economy" — — At the summit, many guests spoke highly of China’s pragmatic actions in opening up.
"In recent decades, China has become an important participant in Latin American trade and investment. China’s growing demand for raw materials and agricultural products in this region has greatly promoted Latin American exports and created important income and economic opportunities." Bolivian President Arce said in a video address that this summit will help promote understanding among different countries, explore new investment and development opportunities and promote the construction of a more inclusive global market.
"A healthy and balanced US-China economic and trade relationship is in the interest of both sides." U.s.-china business council President Craig Allen said. According to reports, in 2022, the bilateral trade volume of goods and services between the United States and China set a new record, and the export of goods from the United States to China reached a record high of more than 150 billion US dollars, an increase of over 20% over the past decade, from which enterprises and consumers of both countries benefited. According to US statistics, in 2022, US exports of goods to China will bring 1 million jobs to the United States.
Craig Allen said that American enterprises have clearly received the signal that China will continue to optimize its business environment and attract foreign investment. History shows that the more interconnected, the greater the possibility of common prosperity. We look forward to continuing to cooperate with the China Council for the Promotion of International Trade in the future and promoting the healthy development of US-China economic and trade relations through constructive dialogue and contacts.
At this summit, the China Council for the Promotion of International Trade (CCPIT) reached a series of consensus with the business representatives attending the meeting, forming the Beijing Initiative of the 2023 Global Trade and Investment Promotion Summit. Ren Hongbin, president of the China Council for the Promotion of International Trade, said that the China Council for the Promotion of International Trade will build more platforms and provide better services, better help the industrial and commercial circles of all countries to seize market opportunities, investment opportunities and growth opportunities, and make new and greater contributions to promoting the construction of an open world economy. (Reporter Li Wei)
People’s Daily Overseas Edition (03rd Edition, May 26th, 2023)