In today's world, the epidemic of the century and the changes of the century are intertwined, and the momentum of global economic development and confidence are both frustrated。The 14th Annual Meeting of the New Champions, themed "Entrepreneurship: A Driver of the World Economy," was held in Tianjin, China, from June 27 to 29，The Forum invited political leaders from many countries and international institutions, as well as about 1,500 representatives from all walks of life from more than 90 countries and regions，Discuss the "prescription" to boost world economic recovery。
The world economy is at a critical stage of transformation, facing unprecedented challenges as a result of the COVID-19 pandemic and geopolitical conflicts。First, how can we effectively promote post-epidemic economic recovery。The three-year coronavirus pandemic has made it difficult for social and economic activities to function normally，Its blow to the industrial safety dimension is very fierce，Including the global distribution mode of the industrial chain of multinational enterprises，Supply chain industry security is facing unprecedented challenges，Industries that are highly dependent on external markets, such as aviation and tourism, have been hit hard by the sharp decline in external demand。In addition, the pandemic has dealt a heavy, even catastrophic, blow to small and medium-sized enterprises around the world。Therefore, it is crucial to effectively promote post-epidemic recovery and growth。
Second, how to deal with the impact of unilateralism and protectionism。Global economic integration is an inevitable trend。However, the world economic recession has led the United States to resort to unilateral protectionism and populism to the extreme, from withdrawing from the Paris Climate Agreement to obstructing the normal operation of the WTO dispute settlement body. This series of actions has disturbed the development of regional and world economy, trade and industry, and seriously dealt a blow to globalization。How to counter the negative impact of unilateralism has become the key to rebuilding confidence。
Moreover, how to promote democracy and fairness in world economic governance。The existing global governance system since World War II has been dominated by developed economies, but it is a consensus among developed and developing economies that there are problems and defects in this system due to factors such as economic development and scientific and technological progress。How to reform the existing global economic governance system so that it can fully reflect the aspirations and voices of developing countries is an urgent question for the international community to solve。
A major focus of this year's Summer Davos Forum is "restart growth", aiming to discuss how to promote the recovery of the world economy and achieve better development amid the complex and volatile global situation。At present, the economic growth momentum of most developed economies has weakened, and developing countries are faced with more severe development risks and challenges。According to the United Nations' World Economic Situation and Prospects 2023, in the United States, gross domestic product will grow by 1.After 8% (estimated), it is expected to grow by only 0% in 2023.4%。The EU is expected to grow by 0. 0 in 2023.2 percent, down from about 3 percent in 2022.3%。The crisis in Ukraine has seriously affected the economic prospects of the Commonwealth of Independent States and Georgia。The economic contraction in the Russian Federation and the significant loss of output in Ukraine are having spillover effects on other economies in the region。At the same time, the Sustainable Development Goals (SDGs) of less developed countries, represented by African countries, have stagnated or regressed significantly from pre-pandemic levels, and least developed countries such as Zambia have even defaulted on their debts。
Is openness and cooperation the only way to deal with multiple global crises and bring the world back to the track of achieving the Sustainable Development Goals。We should uphold openness and oppose isolation and exclusion。To achieve better development through opening-up, we must unswervingly develop an open world economy, share opportunities and benefits through opening-up, and achieve mutual benefit and win-win results。
As the world's second largest economy, the second largest consumer market and the largest trading country in goods, China's economy has continued to recover steadily, and its role in stabilizing and driving world economic growth has become more obvious。On the one hand, China is a leader in regional integration。From the entry into force of the Regional Comprehensive Economic Partnership to the application for accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the Digital Economy Partnership, China has adapted to the trend of economic globalization, adhered to the goals of high standards, sustainability, and well-being of the people, and actively promoted high-quality Belt and Road cooperation.。On the other hand, China continues to contribute public goods to the world and share market dividends。For example, through major international economic and trade exchanges such as the Canton Fair, the CIIE, the Service Trade Fair and the Consumer Goods Fair, China is firmly committed to sharing with the world the huge market opportunities of its 1.4 billion-plus population and empowering the economic development of other countries。
Looking ahead, China will continue to pursue opening-up at a high level, build an open economic system featuring mutual benefit, diversity, balance, security and efficiency, and continue to provide public goods and boost confidence for globalization。At the same time, China will focus on accelerating the green transformation and upgrading of domestic industries, step up efforts to develop artificial intelligence and digital economy, create an open, fair and non-discriminatory enabling environment for scientific and technological innovation, and inject strong impetus into world economic growth。This is the confidence and responsibility of China, as the world's largest developing country and emerging economy, to continue to participate in global economic development and lead global economic governance。
(Source: International Business Daily)