Principal Zhao Zhongxiu was invited to participate in the China Development Forum and delivered a keynote speech at the sub-forum organized by w88 casino
w88 casino News Network (provided by the Party w88 casino Office)From March 25th to 27th, the 2023 Annual Meeting of the China Development Forum was held in Beijing. The theme of this forum is "Economic Recovery: Opportunities and Cooperation". Ding Xuexiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, attended the opening ceremony, read out President Xi Jinping’s congratulatory letter and delivered a keynote speech. President Zhao Zhongxiu was invited to participate in the forum and delivered a keynote speech in the "Global Value Chain Adjustment: New Trends and New Opportunities" sub-forum organized by w88 casino.
President Zhao Zhongxiu pointed out in his speech that since the 1990s, the global value chain division of labor system dominated by multinational corporations in developed countries and actively participated by developing countries and emerging economies in transition has become a typical feature in the context of economic globalization. After the outbreak of the financial crisis, the global economy fell into a dilemma of sluggish growth, and de-globalization gained momentum. In recent years, the growth of cross-border investment has stagnated, global w88 growth has slowed, and global value chains have shifted or even shrunk. The COVID-19 epidemic, Sino-US economic and w88 frictions and other factors are intertwined, further catalyzing the reconstruction of the value chain in the context of a new round of global w88 protectionism.
Principal Zhao Zhongxiu believes that the current global value chain presents four new characteristics:First, security issues in global value chains have become increasingly prominent.We must actively promote the formation of new international consensus and norms, and oppose the politicization of economic issues, the generalization of national security concepts, and the weaponization of industrial and supply chains.Second, the spatial layout of global value chains has undergone significant changes.It tends to be regional and localized horizontally, and it tends to be short-chained vertically. Since the financial crisis, global w88 protectionism has risen, and developed countries have encouraged the reshoring of industries, which has had a certain impact on the shortening of the global value chain. At the same time, affected by the COVID-19 epidemic, multinational companies have gradually shrunk their global value chains to ensure the safety and stability of their supply chains.Third, the competitive advantage of the global value chain is gradually shifting from "tangible" manufacturing to "intangible" manufacturing.According to the "Global Value Chain Development Report 2021" released by the Global Value Chain Research Institute of the w88 casino, fabless manufacturers combine intellectual property rights with international direct investment, and their new business model of exporting intangible asset services to global customers through the global value chain has profoundly changed the organizational form of international production and further challenged the w88 statistics framework.Fourth, building a low-carbon, green, inclusive and sustainable global value chain will become a new direction for the development of global value chains.Currently, more than 130 countries and regions around the world have announced “carbon neutrality” goals. Addressing climate change and promoting green development has become a global consensus and will surely affect the direction of future global industrial development and layout through the division of labor in the global value chain.
President Zhao Zhongxiu finally emphasized that the emergence of digitalization and green trends will become an important opportunity for our country's industries to seek a leap in the new round of international competition.Accelerating the improvement of independent innovation capabilities, seizing the development opportunities of regional value chains, actively cultivating a "we-centered" industrial chain supply chain system, accelerating digital empowerment of China's global value chain upgrade and green transformation, adapting to and leading the green development of global value chains will be our important response, and it is also the only way to promote the construction of a community with a shared future for mankind and move towards a sustainable future。
This sub-forum was chaired by Zhan Xiaoning, Director of the Investment and Enterprise Department of the United Nations w88 and Development Organization, Yi Xiaozhun, former Vice Minister of the Ministry of Commerce and former Deputy Director-General of the WTO, Ai Deming, Vice President of Policy and Strategy of the Asian Infrastructure Investment Bank, and Senior Director of the Peterson Institute for International Economics Four guests, including Nicholas Lardy, a researcher and member of the Council on Foreign Relations, and Xing Yuqing, a university professor at Japan’s National Graduate w88 casino for Policy Studies and overseas academic director of the Institute of Global Value Chains at the w88 casino, gave keynote speeches focusing on the new trends and opportunities facing the adjustment of global value chains.
The Global Value Chain Research Institute of w88 casino made active contributions and played an important role in the preparation of the sub-forum.
Attached is the link to the expert’s speech:
https://epa.comnews.cn/padphone/content/202303/28/content_6091.html
https://www.163.com/dy/article/I0OFKL3K05199NPP.html
https://www.163.com/dy/article/I0R6TDRC0519C6BH.html
https://m.163.com/dy/article/I0O242450539NUQ8.html?spss=adap_pc
https://cj.sina.com.cn/articles/view/1617264814/606580ae02001ly7c
