Whispers of a new world order
2025 Summer Davos Forum will be held in Tianjin between 24-26 June and is expected to bring about 1,800 participants from more than 90 countries and regions.
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The US media headlines, which entered the Israeli-Iranian clash at the weekend, dominated the headlines, but this week at the “Summer Davos” conference in Tianjin, China, Rustlings was about to wander with Washington in a less intertwined future.
Ten years ago, the goods, capital, technology and talent between the East and West flowed; Management Consultancy Oliver Wyman’s Hong Kong -based partner Ben Simpfendorfer is now about the flows between global southern countries.
“Mood [in Tianjin] It reflects a changing world order. The global south is more linked than ever. “
Global South It refers to less developed economies, especially countries other than US and European orbits. Southeast Asia, Africa, Latin America and the Middle East – China develop trade and political relations.
“There are 130 neutral countries who want to do business between geopolitical fractures and seek jobs, and many of them are ruled by relatively internationalist leaders … I am looking forward to opportunities in the global South.” He said.
Deepening its relationship with the global South, China called on Premier Li Qiang’s Wednesday to “reshape” the world order in the Wef Forum.
“We can go to a world where Asia and the Middle East still emerged as a new and compelling economic block integrated with Europe and the United States, but integration fluctuates,” Simpfendorfer said. He said.
Renewed interest rate
Since 2007, the Swiss -based World Economic Forum has been a summer version of the Davos meeting between Tianjin and Dalian in the northern part of the country.
However, as local Chinese governments increased their conferences and the general economy slowed down, foreign businesses interested in China did not have to rely on Summer Davos matchmakers. The disruptions from the Pandemi and the US-China tensions also received their fees.
This year, even other silent participatory groups have turned into a little aggressive crowds for certain activities, including negotiations on artificial intelligence and economic appearance.
The seats were filled quickly for the release of Wef’s annual market “First 10 developing technology“Report – now in the third cooperation year with Dubai Future Foundation. Previous Report It was created by the Forum with Scientific American.
Some leading leaders had the opportunity to visit China. Singapore Prime Minister Lawrence Wong, Vietnam Prime Minister Pham Minh Chinh and Ecuador President Daniel Noboa Azín were among the best political leaders He is attending this year.
Simpfendorfer mentioned the latest talks with enterprises in Malaysia and Vietnam, “the US Tariff shock was a call for a wake up for the need for diversification for the global South.” He said.
However, he pointed out that it would not be easy to switch to more than one global southern market from targeting a US market.
To attract trade partners from Egypt to countries Vietnamese China is trying to increase its economic competitiveness.
“This is a call for a call to wake up for Chinese multinational companies to really develop international businesses, Sim Simpfendorfer added that the learnings in the last twenty years will not be a good guide for the next 20 years, given the transformational impact of artificial intelligence.
Egyptian Investment and Trade Minister Hassan El Khatib told Chery Kang on the edges of the forum from CNBC On Tuesday, the country desires to be at the top 20 of business competitiveness by 2030 after a major reform program launched last year to encourage the development of private sector.
He stressed Egypt’s working pool and engineering ability and noted how the country has built investors from all over the world.
As the US-China tensions are far away without being solved, more countries may be eager to invite China to reshape the world.
– Bernice Oo from CNBC contributed to this report.
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Eswar Prasad, a professor of the University of Cornell and the former president of the IMF Department of China, explains why they feel the pressure of “lowering temperature” in both the US and China’s commercial relations.
McKinsey China President Joe Ngai believes that companies in China show flexibility despite external threats, including tariff uncertainties and geopolitical tensions in the Middle East.
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Chinese Prime Minister Li Qiang called on not to turn trade into a political issue. He was talking at the opening general assembly of the annual conference of the World Economic Forum in China, often called “Summer Davos”. The Chinese leader called on other countries to cooperate on trade and promised to “make China a mega -sized consumption power plant”.
Beijing Israel criticism. China initially promised to support Iran shortly after Israel’s attack on June 12th. Despite the first support for Iran, Beijing’s discourse was more measured.
– Anniek Bao
In markets
As the mainstream of China and Hong Kong, the mainland, the ceasefire between the investors weighed between Israel and Iran, rose early in the middle of the mixed trade in the region on Wednesday. And new comments from the US federal reserve.
The main CSI 300% of China increased by 0.35%, while the Hang Seng index, which includes Hong Kong’s large Chinese companies, gained 0.77% from 12:30.
The performance of Shanghai composite last year.
Appearance
June 24 – 27 June: The National People’s Congress, the best legislature in China, the permanent committee Discuss a law on unfair competitionAnd review government spending.
26 June: Asia Infrastructure Investment Bank is organizing the opening ceremony of the annual meeting appoint a new president For a five -year period from January; Xiaomi will explain the price of Electric YU7 SUV
June 27: China Industrial Profit Data for May
June 30: China’s official manufacturing for June
July 1: The anniversary of the establishment of the ruling Chinese Communist Party in 1921; Caixin manufacturing PMI for June
