innovative China charts course for global growth
China's achievements in promoting an open and innovative economy and common development offer a good example for case study as global business leaders gather here to float creative ideas for guiding the world through a dramatic transformation.To get more latest china business news, you can visit shine news official website.
It is the fifth time the famed Fortune Global Forum has taken place in China, whose record of sustained development, commitment to win-win cooperation and contribution to global growth have kept wowing the world. Themed "Openness and Innovation: Shaping the Global Economy," the 2017 Fortune Global Forum is set to open in the southern Chinese metropolis of Guangzhou on Wednesday.
The forum comes at a time when technology is reshaping the business world in ways never seen before, and rising nationalism and growing distrust in businesses and other institutions are posing a threat to globalization, said Alan Murray, editor-in-chief of the Fortune magazine. Against this backdrop, more than 700 delegates, including senior executives from over 120 of the world's top companies, are expected to attend the three-day event for discussions on innovation, the future of globalization, 21st-century leadership and sustainable development, among other subjects. The platform, said Cai Chaolin, director of the Guangzhou forum's executive committee, will enable participants to have a positive impact on global economic and social development and create opportunities for enterprises. Meanwhile, Guangzhou has been described as an ideal location for the event, as it has long been a center of global trade and investment and has now also become a hub of innovation.
Currently, there are 120,000 sci-tech and innovative companies in Guangzhou, and 13 of China's top innovative companies are based here, according to the US business magazine Fast Company. "By creating a favorable business and innovative environment and laying out a number of key industries, Guangzhou has improved its ability to attract high-end elements, thus enhancing the city's influence and international popularity," Ni Pengfei, director of the City and Competitiveness Research Center of the Chinese Academy of Social Sciences, told Xinhua in a recent interview. In recognition of its innovative spirit, Guangzhou has been chosen as the permanent venue of the Fortune Brainstorm Tech International, a new event that focuses on technology and innovation and will take place annually. The forum comes as China is pushing forward comprehensive development in line with the blueprint drawn at the landmark 19th National Congress of the Communist Party of China (CPC) in October.
Taking stock of China's remarkable development over the past few decades, the new blueprint features, among others, the unremitting commitment of the world's second-largest economy to openness, win-win cooperation and common development. The commitment stems from China's increasingly close intertwinement with the rest of the world, and also from Chinese President Xi Jinping's grand vision of building a community with shared future for mankind.