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Wednesday, April 24, 2019


Further Opening Up to Meet New Challenges of Globalization

The Center for China and Globalization (CCG), PRC Ministry of Commerce China Association of International Economic Cooperation (CAIEC) and United Nations China (UN China), in partnership with the Academy of Contemporary China and the World Studies (ACCWS), jointly held the 5th Annual China and Globalization Forum on April 14th, 2019 at the China World International Conference Center, Beijing.

Themed "Further Opening Up to Meet New Challenges of Globalization", the forum saw hundreds of CCG Council Members, scholars, experts and key figures in political and business circles share their in-depth views and hold discussions on the most pressing issues facing China and globalization today. Over 300 guests conducted exchanges on China's Reform and Opening-Up process, responses to the new challenges of globalization, enhancing global governance, the development of the multilateral trade system, and related areas of global concern.

On the eve of the forum, CCG also held the annual meeting of its Chairmen and Senior Council Members. This meeting summarized CCG's work throughout 2018, with discussions held and guidance provided for the further development of CCG as a world-renowned think tank.

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Better multilateralism needed in era of globalization 4.0

Global governance is facing new challenges amidst a growing backlash against economic globalization and the resurgence of unilateralism and protectionism.

"We are just at the beginning of globalization 4.0, and are significantly underprepared for the magnitude of change we are facing," warned Klaus Schwab, founder and executive chairman of the World Economic Forum last November.

Speakers at the 5th China & Globalization Forum held in Beijing on Sunday shared their views on the changes taking place in today's world and the action needed to meet the challenges in the era of globalization 4.0.

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CGTN Dialogue | China and Global Growth

With the wide impacts of trade war, financial observers expect global growth to decelerate in coming years.

What are the risks in growth will be driving even lower? How is the rest of world reacting to China slow down? And is the U.S. likely to fall into a recession?

To answer these questions, Wang Huiyao , president of Center for China and Globalization (CCG), and Amb. Terry Miller, director of Center for International Trade and Economics, Heritage Foundation, were invited on CGTN Dialogue with Yang Rui to share thier views on these issues .

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For China and U.S., there's always room for settling disputes

The protracted trade conflict between the world's largest two economies is nearing the final lap, after rounds of bitter talks. "I think we're hopeful that we're getting close to the final round of concluding issues," U.S. Secretary of the Treasury Steven Mnuchin said on the sidelines of the International Monetary Fund and World Bank spring meetings on Saturday.

Such optimism buoyed the global stock market and lifted business sentiment. But there are concerns that a trade deal could hurt China's other partners and doubts about whether a deal can truly abate the rivalry between an established power and a rising one.

CGTN's Wang Xiaonan talked to Daniel Ikenson, Cato's Herbert A. Stiefel Center for Trade Policy Studies, at the annual forum of the Center of China and Globalization in Beijing, to explore how the trade conflict took shape, how Trump veered from his predecessors in embracing globalization and what's in store for future China-U.S. ties.

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Trade gets more attention than it deserves

"This is an epic deal, historic - if it happens," said US President Donald Trump in early April over a potential trade agreement with China. How close are the two largest economies to the end of the trade war? If a deal is to be reached, will it be a temporary truce or will it set up a long-term trade model? During the fifth China and Globalization Forum on Sunday organized by Beijing-based think tank Center for China and Globalization, Terry Miller (Miller), director of Center for International Trade and Economics, Heritage Foundation, and former US ambassador to the UN, shared his views with Global Times (GT) reporters Li Aixin and Bai Yunyi.

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Foreign Investment Law offers promising prospects of FDI in China

Business leaders and executives of chambers of commerce around the world gathered in Beijing on Sunday, April 14 for the 5th China and Globalization Forum. A roundtable discussion was hosted at the forum on the impact of the recently-passed Foreign Investment Law (FIL) on Foreign Direct Investment (FDI) in China.

Forty years after reform and opening up, China updated its laws on foreign investment this March, signaling its continuous effort to increase its openness to the world. During the roundtable discussion, representatives had in-depth exchanges of views concerning critical issues such as relaxing restrictions on market access, ensuring impartial regulation as well as permitting the accorded national treatment to foreign capital.

Representatives on both sides shared about the promising prospects of FDI in China due to the FIL's role in addressing regulatory barriers, promoting economic growth, and protecting IPR. Regarding the upcoming rules of implementation of the FIL, Allan Gabor, president of Merck China, expressed his hope for a more transparent and implementable legislation. He also recognized the rapid development of the artificial intelligence (AI) industry in China, and the role AI plays in contributing to Chinese innovation. 

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About the Annual China and Globalization Forum:

Since 2015, the Center for China and Globalization has been hosting the China and Globalization Forum annually bringing together the most prominent members of CCG Advisory Council – including its chair (Long Yongtu, former Vice Minister of the MOFCOM and former Secretary-General of the Boao Forum for Asia) and co-chairs (He Yafei, former Vice Minister of the MFA; Ronnie Chen, Chairman of Hang Lung Group), and celebrated policy scholars and business leaders. Over the years, the convention has become a magnet for the most highly-regarded delegates from China’s government, expert, and business communities for dialogue and debate about the most pressing issues regarding the development of globalization and China’s role in it.

Center for China & Globalization(CCG)is a leading Chinese nongovernmental think tank based in Beijing. It is dedicated to the study of Chinese public policy and globalization. Boasting a strong research team, it enjoys an impressive record of publications and events with broad public policy impact.

CCG is ranked in the Top 100 Think Tanks worldwide, the Best nongovernmental think tank in China and in the Top 6 Think Tanks in China according to the world-renowned "2018 Global Go To Think Tank Index Report", released annually by the University of Pennsylvania's Think Tanks and Civil Societies Program. CCG is currently the only non-governmental Chinese think tank to hold “UN Special Consultative Status”.

Two well-known scholars, Dr. Wang Huiyao and Dr. Miao Lu, founded the CCG in 2008. Today near 100 in-house researchers and staff serve this thinking hub with subsidiaries and divisions spanning across China including Shanghai, Shenzhen, Guangzhou, Qingdao and Hong Kong.

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