"We are bullish on China"-- listening to the voices from the Innovation economy Forum

| gov.cn

Xinhua News Agency, Beijing, November 22, by wire: "We are bullish on China"-- listening to the voices from the Innovation economy Forum

Xinhua News Agency reporters an Bei, Wang Xi, Zhang Xinxin and Ma Zhuoyan

Yanshan foot, Yanqi Lake. The two-day Innovation economy Forum closed on the 22nd. Politicians and businessmen from different countries and regions gathered to explore new ways to solve development problems and work together to plan a new way to lead the future with innovation and change.

"if you are an investor, invest actively in China."

"in the past, I came to China every two years, but now I come every six weeks. Every time you come to China, you know what's going on in the global investment community. " "if you are an investor and have a long-term perspective, you should actively invest in China," said Haldun Mubadala, chief executive of Dubadala, Abu Dhabi sovereign wealth fund in the United Arab Emirates. "

China's gross domestic product (GDP) was revised to 91.9281 trillion yuan in 2018, an increase of 2.1 percent over the preliminary figure, the National Bureau of Statistics (NBS) said Tuesday.

What does a mega-economy of more than $90 trillion mean to the world? What is the outlook for China's economy in the eyes of those attending the meeting when some external voices "swallow" the Chinese economy?

"I've looked at almost all the major economies, and China is the most exciting one. You've never seen such an amazing change anywhere in the world. " Diana Joyliva, chief economist at Inodo Economics, said.

In the first three quarters of this year, China's economy grew 6.2% from a year earlier. Wang Yiming, deputy director of the Development Research Center of the State Council, told reporters that the global economy is declining at the same time, external uncertainty is rising, and China's economy has entered a critical period of transforming new and old kinetic energy, and downward pressure has increased.

"Don't worry about temporary fluctuations in the data. The general trend of China's long-term economic development has not changed. Since the beginning of this year, China's economic growth has continued to be in the forefront of the major economies in the world. New progress has been made in structural adjustment, and external pressure has forced the acceleration of innovation and industrial upgrading. " He said.

At the forum, participants heard from time to time concerns about the slowdown in the world economy, but more voices believed that a China that is steadily moving towards high-quality development is of great significance to global development and stability.

"China is on the right track." In the view of Ahmed Saeed, vice president of the Asian Development Bank, the Chinese government has made great efforts to cut taxes and fees, increase effective investment, and have sufficient tools to promote economic transformation and upgrading and move towards high-quality development.

Despite the challenges, there is still a lot of momentum and room for China's economic transformation and upgrading.

Ning Jizhe, deputy director of the National Development and Reform Commission and director of the National Bureau of Statistics, said: the income level of residents has continued to rise, the level of consumption has risen, and the consumption structure has changed, leading to changes in the product structure, investment structure, and the entire industrial structure of enterprises. This is the key to China's transformation, upgrading and development.

"in the next step, the weight of institutional reform will be heavier, the systematic integrity and coordination of reform will be higher, the pace of opening up to the outside world will be bigger and faster, and more innovation will be used to promote structural adjustment and dynamic transformation." Xie Fuzhan, president of the Chinese Academy of Social Sciences, said: adhering to reform, opening up and innovation, China's economy will usher in a brighter future.

"Innovation is about 'opening windows', not 'building walls.'"

"closed innovation is lifeless."if we cut off the link between each other and prohibit the exchange of technology, the global innovation ecosystem will fall apart.".

Participants called for the only way to solve the common challenges facing mankind is to innovate in opening up and win-win development.

"I'm in information technology, and in the Internet industry, we share the values of connectivity and sharing." Huai Jinpeng, academician of the Chinese Academy of Sciences, said at the forum that innovation requires wisdom and opening up and cooperation.

The global division of labor has penetrated into the interior of the product. "it is because of cooperation and sharing that today's global value chain is formed." Yang Yuanqing, chairman and CEO of Lenovo Group, said that a computer made up of more than 100 components, developed in Japan, designed in the United States, made in China, and sold globally, cannot be easily replaced.

Only through cooperation and sharing can we make the vitality of innovation burst out for a long time.

The Sino-US Green Fund, jointly invested by Chinese and US enterprises, was born in 2016. Xu Lin, chairman of the fund, said that green development is an important area of innovation and is becoming a strong momentum for promoting economic transformation and development. "the space for cooperation in the green field between China and the United States is very broad, but under the current situation, investment in the United States is facing a higher threshold for review, increasing the risk and uncertainty of investment institutions, and actually hindering investment between the two countries."

Sam Sachs, a think tank expert from the United States, spoke in Chinese and English respectively, loudly calling on China and the United States to "seek common ground while reserving differences" so as to bridge differences and resolve contradictions through dialogue and exchanges.

"in order for scientific and technological innovation to promote human development and social progress, we need to 'open the windows', not 'build walls'." The young American expert said.

Is supply chain regionalization taking place? What will happen to human society from 4G to 5G? What are the challenges posed by digital currency? At the forum, participants discussed a series of frontier issues of innovation.

According to Gary Dixon, president and CEO of Applied Materials, there is a new round of technological change and iterative development of industrial transformation. "Innovation needs borderless collaboration more than ever, and the key is to take action to build trust, otherwise it will be difficult to achieve sustainable development of the global economy."

"dealing with complex situations requires more integrity and more rationality."

Will the world economy be all right tomorrow? At the forum, trade protectionism impacted the global economy and became an important topic of concern to the participants.

"Competition and connectivity in the economy are good for both sides," said former Treasury Secretary Henry Paulson. Only in war can there be winners and losers. If we have to win or lose in all areas of the economy, it will lead us into a multi-dimensional conflict. I am full of hope for the current Sino-US negotiations and are very optimistic about the prospects for bilateral cooperation. "

Henry Kissinger, a former US secretary of state, believes that as the world's two largest economies, it is normal for the US and China to "step on each other's feet". "Today we need to confront differences and contradictions through negotiations, and for the common good, we should strive to minimize the negative impact."

Kissinger, 96, has witnessed more than 40 years of ups and downs in Sino-US relations. On that period of history, Kissinger said that China is an important force that cannot be ignored in the international system. "understanding Chinese culture and its history is what this system must do."

Despite coming from different regions, participants had little objection to one issue: abandoning the zero-sum game and enhancing mutual trust in order to seek advantages and avoid disadvantages and achieve win-win results.

"Today we are at a turning point." Former U. S. Trade Representative Barshefsky says dealing with complex situations requires more integrity, more rationality, and more effective policy options.

"I firmly believe that no one can benefit from protectionism." Said Dan Pisamoyo, a Zambian-born economist.

On the 22nd, the negative list of Market access (2019 version) was announced. From January 1 next year, the regulations on optimizing the Business Environment and the Law on Foreign Investment will be formally implemented. Revise the negative list of foreign investment access, encourage foreign investment industry catalogue, and show the world China's determination to attract foreign investment.

Many participants believed that China is working with other countries to explore new ways to crack "governance deficits", "trust deficits", "development deficits" and "peace deficits" through a series of pragmatic measures to deepen reform and open wider to the outside world.

We will share development opportunities in opening up and promote world prosperity through mutual trust.

"the current trajectory of China's economic growth is positive." Palag Connor, managing partner of FutureMap, a global strategic consulting firm in Singapore, says China has taken a series of steps in deleveraging, reforming state-owned enterprises and opening wider to the outside world. "China is very frank and pragmatic, and we are optimistic about the Chinese economy."

"We are bullish on China"-- listening to the voices from the Innovation economy Forum

| gov.cn

Xinhua News Agency, Beijing, November 22, by wire: "We are bullish on China"-- listening to the voices from the Innovation economy Forum

Xinhua News Agency reporters an Bei, Wang Xi, Zhang Xinxin and Ma Zhuoyan

Yanshan foot, Yanqi Lake. The two-day Innovation economy Forum closed on the 22nd. Politicians and businessmen from different countries and regions gathered to explore new ways to solve development problems and work together to plan a new way to lead the future with innovation and change.

"if you are an investor, invest actively in China."

"in the past, I came to China every two years, but now I come every six weeks. Every time you come to China, you know what's going on in the global investment community. " "if you are an investor and have a long-term perspective, you should actively invest in China," said Haldun Mubadala, chief executive of Dubadala, Abu Dhabi sovereign wealth fund in the United Arab Emirates. "

China's gross domestic product (GDP) was revised to 91.9281 trillion yuan in 2018, an increase of 2.1 percent over the preliminary figure, the National Bureau of Statistics (NBS) said Tuesday.

What does a mega-economy of more than $90 trillion mean to the world? What is the outlook for China's economy in the eyes of those attending the meeting when some external voices "swallow" the Chinese economy?

"I've looked at almost all the major economies, and China is the most exciting one. You've never seen such an amazing change anywhere in the world. " Diana Joyliva, chief economist at Inodo Economics, said.

In the first three quarters of this year, China's economy grew 6.2% from a year earlier. Wang Yiming, deputy director of the Development Research Center of the State Council, told reporters that the global economy is declining at the same time, external uncertainty is rising, and China's economy has entered a critical period of transforming new and old kinetic energy, and downward pressure has increased.

"Don't worry about temporary fluctuations in the data. The general trend of China's long-term economic development has not changed. Since the beginning of this year, China's economic growth has continued to be in the forefront of the major economies in the world. New progress has been made in structural adjustment, and external pressure has forced the acceleration of innovation and industrial upgrading. " He said.

At the forum, participants heard from time to time concerns about the slowdown in the world economy, but more voices believed that a China that is steadily moving towards high-quality development is of great significance to global development and stability.

"China is on the right track." In the view of Ahmed Saeed, vice president of the Asian Development Bank, the Chinese government has made great efforts to cut taxes and fees, increase effective investment, and have sufficient tools to promote economic transformation and upgrading and move towards high-quality development.

Despite the challenges, there is still a lot of momentum and room for China's economic transformation and upgrading.

Ning Jizhe, deputy director of the National Development and Reform Commission and director of the National Bureau of Statistics, said: the income level of residents has continued to rise, the level of consumption has risen, and the consumption structure has changed, leading to changes in the product structure, investment structure, and the entire industrial structure of enterprises. This is the key to China's transformation, upgrading and development.

"in the next step, the weight of institutional reform will be heavier, the systematic integrity and coordination of reform will be higher, the pace of opening up to the outside world will be bigger and faster, and more innovation will be used to promote structural adjustment and dynamic transformation." Xie Fuzhan, president of the Chinese Academy of Social Sciences, said: adhering to reform, opening up and innovation, China's economy will usher in a brighter future.

"Innovation is about 'opening windows', not 'building walls.'"

"closed innovation is lifeless."if we cut off the link between each other and prohibit the exchange of technology, the global innovation ecosystem will fall apart.".

Participants called for the only way to solve the common challenges facing mankind is to innovate in opening up and win-win development.

"I'm in information technology, and in the Internet industry, we share the values of connectivity and sharing." Huai Jinpeng, academician of the Chinese Academy of Sciences, said at the forum that innovation requires wisdom and opening up and cooperation.

The global division of labor has penetrated into the interior of the product. "it is because of cooperation and sharing that today's global value chain is formed." Yang Yuanqing, chairman and CEO of Lenovo Group, said that a computer made up of more than 100 components, developed in Japan, designed in the United States, made in China, and sold globally, cannot be easily replaced.

Only through cooperation and sharing can we make the vitality of innovation burst out for a long time.

The Sino-US Green Fund, jointly invested by Chinese and US enterprises, was born in 2016. Xu Lin, chairman of the fund, said that green development is an important area of innovation and is becoming a strong momentum for promoting economic transformation and development. "the space for cooperation in the green field between China and the United States is very broad, but under the current situation, investment in the United States is facing a higher threshold for review, increasing the risk and uncertainty of investment institutions, and actually hindering investment between the two countries."

Sam Sachs, a think tank expert from the United States, spoke in Chinese and English respectively, loudly calling on China and the United States to "seek common ground while reserving differences" so as to bridge differences and resolve contradictions through dialogue and exchanges.

"in order for scientific and technological innovation to promote human development and social progress, we need to 'open the windows', not 'build walls'." The young American expert said.

Is supply chain regionalization taking place? What will happen to human society from 4G to 5G? What are the challenges posed by digital currency? At the forum, participants discussed a series of frontier issues of innovation.

According to Gary Dixon, president and CEO of Applied Materials, there is a new round of technological change and iterative development of industrial transformation. "Innovation needs borderless collaboration more than ever, and the key is to take action to build trust, otherwise it will be difficult to achieve sustainable development of the global economy."

"dealing with complex situations requires more integrity and more rationality."

Will the world economy be all right tomorrow? At the forum, trade protectionism impacted the global economy and became an important topic of concern to the participants.

"Competition and connectivity in the economy are good for both sides," said former Treasury Secretary Henry Paulson. Only in war can there be winners and losers. If we have to win or lose in all areas of the economy, it will lead us into a multi-dimensional conflict. I am full of hope for the current Sino-US negotiations and are very optimistic about the prospects for bilateral cooperation. "

Henry Kissinger, a former US secretary of state, believes that as the world's two largest economies, it is normal for the US and China to "step on each other's feet". "Today we need to confront differences and contradictions through negotiations, and for the common good, we should strive to minimize the negative impact."

Kissinger, 96, has witnessed more than 40 years of ups and downs in Sino-US relations. On that period of history, Kissinger said that China is an important force that cannot be ignored in the international system. "understanding Chinese culture and its history is what this system must do."

Despite coming from different regions, participants had little objection to one issue: abandoning the zero-sum game and enhancing mutual trust in order to seek advantages and avoid disadvantages and achieve win-win results.

"Today we are at a turning point." Former U. S. Trade Representative Barshefsky says dealing with complex situations requires more integrity, more rationality, and more effective policy options.

"I firmly believe that no one can benefit from protectionism." Said Dan Pisamoyo, a Zambian-born economist.

On the 22nd, the negative list of Market access (2019 version) was announced. From January 1 next year, the regulations on optimizing the Business Environment and the Law on Foreign Investment will be formally implemented. Revise the negative list of foreign investment access, encourage foreign investment industry catalogue, and show the world China's determination to attract foreign investment.

Many participants believed that China is working with other countries to explore new ways to crack "governance deficits", "trust deficits", "development deficits" and "peace deficits" through a series of pragmatic measures to deepen reform and open wider to the outside world.

We will share development opportunities in opening up and promote world prosperity through mutual trust.

"the current trajectory of China's economic growth is positive." Palag Connor, managing partner of FutureMap, a global strategic consulting firm in Singapore, says China has taken a series of steps in deleveraging, reforming state-owned enterprises and opening wider to the outside world. "China is very frank and pragmatic, and we are optimistic about the Chinese economy."









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