General

Recently, the 2023 Global Trade and Investment Promotion Summit was held in Beijing. Multiple foreign dignitaries, heads of important international organizations and economic institutions, heads of trade promotion agencies, and numerous well-known figures from various sectors of global politics, business, academia, and research, as well as heads of Fortune 500 enterprises, have discussed and collaborated for the future, fully demonstrating the universal desire of the international community to strengthen trade and investment international trade cooperation, as well as the fervent expectation for China to play a more important role in promoting international trade cooperation.

Open global trade benefits countries

He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, attended the opening ceremony and delivered a speech.  

He Lifeng pointed out that the world economy is facing the urgent need for post epidemic recovery, as well as multiple challenges and crises. The 20th National Congress of the Chinese Communist Party has outlined a grand blueprint for building a socialist modern country in an all-round way, and China's economy is facing new development opportunities. China has become a decisive and stable force in the recovery of the world economy and the development of international trade and investment, and will inevitably create more opportunities for the world through its own development.

He Lifeng pointed out that China's development cannot be separated from the world, and the world's development also needs China. China adheres to the basic national policy of opening up to the outside world, firmly pursues a mutually beneficial and win-win strategy of opening up, and promotes the construction of an open world economy. We are willing to work with the international community to strengthen communication and exchange, deepen practical cooperation, jointly expand the "cake" of trade, stimulate investment cooperation momentum, promote innovation driven development, and promote global economic governance reform. I hope that the international community can work together to accelerate the development of international trade and investment, and inject strong impetus into the recovery of the world economy.

At present, the unprecedented major changes in a century are accelerating their evolution, and the world economy is struggling to recover. It is even more necessary for all parties to promote practical cooperation with an open mind, expand the convergence of interests, and achieve mutually beneficial and win-win development. The opening ceremony was presided over by Ren Hongbin, President of the China Council for the Promotion of International Trade. He stated that the Chinese government attaches great importance to promoting trade and investment. The China Council for the Promotion of International Trade (CCPIT) will further strengthen its network of service enterprises, expand its international circle of friends, leverage its functions of connecting government and enterprises, integrating internal and external resources, and facilitating supply and demand. It will build more platforms and provide better services to better assist the business community of various countries in seizing market opportunities, investment opportunities, and growth opportunities.

"In recent decades, China has become an important participant in Latin America's trade and investment. China's growing demand for raw materials and agricultural products in the region has greatly promoted Latin America's exports and created important income and economic opportunities." President of Bolivia's President Alce said in his video address that the summit will help promote understanding between different countries and explore new investment and development opportunities, Promote the construction of a more inclusive global market. The proposal made at this summit to strengthen trust and jointly establish an open world economy through mutually beneficial cooperation is crucial, "he pointed out.

New Development Bank President Rousseff believes that after World War II, the internationalization of trade, finance and information flows has promoted the process of globalization. Since 2008, this process has been in crisis. Under the influence of geopolitical conflicts and the COVID-19, global uncertainty and instability have become more prominent. He said, "Some countries pursue Unilateralism and protectionism and try to 'contain' China through the so-called decoupling policy, which is the main threat facing the current globalization pattern. Unilaterally raising tariffs and passing the Chip and Science Act Such practices as blocking the chain of China's Semiconductor industry will only disrupt the global value chain and further intensify the division of globalization. Developing countries will be affected by the decoupling policy, and rich countries will also suffer losses. Relevant leaders also began to question the attitude of containing China with Zero-sum thinking. Some leaders of developed economies are increasingly realizing that instead of advocating for this' forced return ', it is better to pursue active international cooperation policies, achieve supplier diversification, and enhance economic resilience

Jin Liqun, President of the Asian Infrastructure Investment Bank, said that the international community is facing unprecedented uncertainty. "We need to redouble our productive investment, including in the field of infrastructure, to help Solvency economies tide over difficulties and support their investment plans. We must turn to sustained global economic integration and multilateral cooperation. It is suggested that an institutionalized forum be created for international financial institutions to discuss the progress and actions of climate financing; and a level be created for climate projects to provide financial matching for technical assistance and projects Taiwan. Strengthening mutual trust through modern multilateralism can ensure long-term prosperity and security He believes that.

"We should not forget that open global trade has benefited all countries and hundreds of millions of people have been lifted 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 additional burdens to global economic development. The decoupling from global trade and investment flows will further elevate the current "heating curve" of the world economy, manifested as high inflation, high debt, and low growth. Only by acting together and creating a win-win situation can we achieve a new economic revival. Our respective interests are different, but we need global cooperation to turn danger into opportunity and achieve mutual benefit and win-win results, "he said.

"A healthy and balanced U.S. - China economic and trade relationship serves the interests of both sides," said Craig Allen, president of the US-China Business Council. According to reports, in 2022, the bilateral trade in goods and services between the United States and China reached a new record, with US exports of goods to China reaching a historic high of over 150 billion US dollars, an increase of over 20% compared to the past decade. Both companies and consumers in the two countries benefited from this. According to US statistics, the export of goods from the US to China in 2022 will bring 1 million job opportunities to the US.

Craig Allen stated that American companies are receiving a very clear signal that China will continue to optimize its business environment and attract foreign investment. History has shown that the more interconnected and integrated, the greater the possibility of common prosperity. We look forward to continuing our cooperation with the China Council for the Promotion of International Trade in the future, and promoting the healthy development of the US China economic and trade relations through constructive dialogue and engagement.

China's opening up unleashes its potential

"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 China's opening up has not only released a huge market, but also released the passion, talent and potential of more than 1.4 billion people. If this opening-up process is expanded to cover more than 80% of the global population in "countries of the South", it will not be a loss for the Western world, but a huge opportunity.

The field of green energy is a typical representative of cooperation among countries towards the future. "The energy transformation will give birth to new businesses, new formats and new models such as comprehensive energy services and energy Big data, vigorously promote the interconnection of energy infrastructure, and drive the coordinated development of upstream and downstream of the industrial chain. It is estimated that the global energy investment will reach 131 trillion dollars from 2021 to 2050, creating broad market space for revitalizing trade and investment." Xin Baoan, the chairman of the State Grid Corporation of China, said that in recent years, With the strong support of the China Council for the Promotion of International Trade, State Grid Corporation of China actively participates in international exchanges, rulemaking, B20 Energy Working Group, and other work. It has carried out a series of explorations and practices in promoting green development and energy transformation, actively serving carbon peak and carbon neutrality, vigorously strengthening technological innovation, conducting extensive international trade cooperation, and helping to create a first-class business environment, China's "access to electricity" ranking ranks among the world's best practices.

Jin Liqun said that in 2022, the AIIB will provide a record $2.4 billion in climate financing, accounting for 56% of the total financing. In 2021, major multilateral development banks as a whole contributed $82 billion in climate financing, with over 60% flowing to low-income and middle-income economies. He said, "With the advent of the era of uncertainty, the performance of the multilateral system will determine whether humanity will achieve prosperity. The long progress of human civilization clearly indicates that we must shift towards sustained global economic integration and multilateral cooperation

Issue the Beijing Initiative for the 2023 Global Trade and Investment Promotion Summit

Currently, the global landscape is undergoing significant changes. The world economy is a community of shared destiny, and the more we face risks and challenges, the more we need to strengthen international exchanges and cooperation to promote the stabilization and recovery of the world economy.

At the summit, the China Council for the Promotion of International Trade (CCPIT) and business representatives from over 30 countries and regions, after careful exchanges and discussions, reached a broad consensus and formed the Beijing Initiative for the 2023 Global Trade and Investment Promotion Summit.

According to this initiative, the participating parties reached consensus on five aspects: strengthening confidence, uniting cooperation, and promoting global economic stability and recovery.

In terms of solidarity and cooperation, it is suggested that the global business community should strengthen confidence, improve the global economic governance system, maintain the multilateral trading system with the WTO as the core, and take practical actions to jointly meet the challenges of the times, promote global development and build a better future.

In adhering to the principle of innovation driven development, we advocate to deeply tap into the potential of innovation development, narrow the digital divide, cultivate a favorable environment for enterprises, strengthen intellectual property protection, accelerate the transformation of scientific and technological achievements into productivity, and promote the benefits of scientific and technological innovation achievements to people of all countries.

At the same time, we propose to leverage the unique role of the business community, focus on common interests, strengthen dialogue and cooperation, deeply integrate into the global industrial chain, supply chain value chain, build more economic and trade cooperation platforms, and maintain a diverse and stable international economic pattern and economic and trade relations.