Boao Forum for Asia International Conference Center
The Boao Forum for Asia (BFA) annual conference 2021 held its first press conference on the morning of April 18 to officially release two closely watched annual flagship reports, "Asia's Economic Prospects and Integration Progress" and "Asia and the World for Sustainable Development". The report believes that this year, Asian economy will see a recovery growth, the economic growth is expected to reach more than 6.5 percent, Asia will become an important engine of global sustainable recovery.
China is playing an important role in Asia's growing influence
As a result of the COVID-19 outbreak, the Asian economy last year experienced negative growth for the first time in 60 years. In 2021, the prospects of Asia's economic development and the level of recovery it is expected to achieve have drawn much attention from all sides.
The report, Economic Prospects and Integration in Asia, points out that Asia's economic growth rate has fluctuated greatly due to the outbreak, but its overall performance has been significantly better than that of other parts of the world. As the largest economy in Asia, China's economy led the region in 2020 with a growth rate of 2.3%. Asia plays an important role in strengthening epidemic prevention and control, maintaining smooth and stable industrial and supply chains, and promoting trade and investment. It is an anchor for multilateralism. Among them, China has played a pivotal role.
The report predicts that Asia's economy will recover in 2021, with a growth rate of more than 6.5 percent. Relatively sound economic performance will further increase the share of Asia in the world economy.
Experts say the report has two key messages: growth and stability. Zhang Yuyan, director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, said Asian countries saw a rapid rebound in economic growth in the first quarter of 2021, with China's economy growing 18.3 percent year on year. The Asian market, dominated by China, will further expand, creating huge opportunities for the world economy.
"The message of economic integration in Asia is one of stability." Executive director of the national institute of opening to the outside world and foreign economic and trade university gui-jun Lin in reading, said the report as Asian economic integration continues to advance, steady rise of Asian economies between the trade dependence, service trade links, personnel and capital flows more frequently, which laid a solid foundation for Asia's economic stability. "A more solid, stable and resilient Asia is a stabilizer of multilateralism."
Martino Francois David, CEO of Italy's Groupe Danielli in China, told our reporter: "Asia's influence in the world is increasing day by day, and China is playing an important leading role. There is a lot of consensus on development among Asian countries, which will become a new driving force for world economic growth."
Zubkov, Boao Forum for Asia, the Russian Federation and the Forum of Natural Gas Exporting Countries Special Representative of the President of cooperation affairs
,said :"Asia is the locomotive of world economic development. In recent years, the Asian economy has contributed more than 50 percent to world economic growth. "There is no doubt that Asia will continue to be the most important engine of the world economy.”
We will draw a roadmap for sustainable development to improve people's well-being
联合国前副秘书长、博鳌亚洲论坛秘书长特别顾问沙姆沙德·阿赫塔尔表示，疫情促使各国反思可持续发展目标。在全球绿色增长研究所所长弗兰克·里斯伯曼看来，将绿色复苏与更加雄心勃勃的国家自主减排贡献目标结合起来，是许多国家在未来一到两年中促进可持续发展的重要机遇。
The COVID-19 epidemic has seriously affected the economic and social development of all countries, and the world economic recovery is unstable and unbalanced, causing concern. To narrow the development gap and achieve the Sustainable Development Goals is a direction that requires the joint efforts of all countries in the world.
The report, Sustainable Asia and the World, points out that the prevention and control of the epidemic requires the participation of the whole world, and no country can be immune from it. The end of the global epidemic ultimately depends on all countries overcoming the epidemic. Multilateralism and concerted action are the keys to sustainable recovery.
"After the outbreak, health, infrastructure, green and digital deficits are the bottlenecks in achieving a sustainable recovery in Asia." Li Baodong, Secretary-General of the Boao Forum for Asia, said that addressing the four development deficits and their effective interconnection will unleash development potential and energy and promote the realization of multiple sustainable development goals. Upholding multilateralism is the key to eliminating the global development deficit and achieving sustainable recovery. During the epidemic prevention and control period, many Asian countries have vigorously promoted the digital transformation of their economies, which has brought profound changes to Asia. This is an encouraging direction for sustainable development.
Coordinator Chang Qide the UN system in China in an interview with our reporter said that the report puts forward the solve four path of development, including considering or a public health emergency response to major outbreak of reserves network, strengthening inter-operability cross-border facilities, develop national autonomous contributes in goal, promote pratt &whitney financial development, etc., These practical measures have drawn a clear road map for the sustainable development of Asian countries and contributed to the well-being of the people of Asian countries.
Shamshad Akhtar, former UN Under-Secretary-General and Special Adviser to the Secretary-General of the Boao Forum for Asia, said the epidemic has prompted countries to rethink their Sustainable Development Goals. According to Frank Lisberman, director of the Global Green Growth Institute, combining green recovery with more ambitious nationally determined emission reduction contribution targets is an important opportunity for many countries to promote sustainable development over the next one to two years.
Promote digital transformation and create new drivers of future growth
It is the broad consensus of the international community to be optimistic about the prospects of economic recovery and development in Asia. Deloitte China, vice President of f. o. &boli-bennett interpretation in the sustainable development of Asia and the world report pointed out that when the survey shows that more than sixty percent of entrepreneurs on Asian economic recovery more optimistic attitude, 98% of entrepreneurs to the Chinese economy has made a very optimistic outlook, think that the expansion of the consumer market to upgrade and technological innovation will be a major power boost China's economy continued to good. The Chinese economy will drive economic growth in Asia and play a positive role in world economic recovery.
"Despite the impact of the epidemic, the Asian economy still presents many bright spots and opportunities." Zhang Yuyan said, many Asian countries have introduced a new measures to promote the digital transformation, covers the digital transformation of digital infrastructure construction, industry, digital management and multiple aspects, such as digital international digital economy in advance to return to work and production, stable played an important role in aspects such as economy, is expected to become new momentum to promote the growth of Asia's economic future. Regional economic and trade cooperation in Asia has continued to advance. The One Belt And One Road cooperation has shown strong resilience and vitality, and the high-quality One Belt And One Road cooperation has yielded remarkable results. All these are conducive to the recovery and development of the Asian economy.
Hu Weijun, chief China economist at Macquarie Group, said China is trying to create a more sustainable model of economic development by setting more pragmatic economic development goals.
Li Baodong said Asian economies will with other countries and regions to overcome the epidemic and solve the development deficit. We believe that in the post-epidemic era, Asian economies will more actively participate in the formulation of international economic and trade rules, promote the reform of international institutions, promote the building of an open world economy, uphold and practice multilateralism, and make positive contributions to the building of a community with a shared future for mankind.
