9th China Inbound-Outbound Forum

Original CCG 全球化智库CCG 2022-09-07

The 9th China Inbound-Outbound Forum, which showcased the success of Beijing's "Two Zones" and corporate globalization, was held on September 2, 2022 at the China National Convention Center in Beijing, China.

The event was co-organized by the Center for China and Globalization (CCG) and the Beijing Two Zones Office as part of the China International Fair for Trade in Services (CIFTIS), which was held from August 31 to September 5. The forum welcomed officials from the Beijing Municipal People's Congress and the Two Zones Office, diplomatic envoys and senior officials in China, policy experts from various ministries, as well as representatives from top domestic and international players in the service trade sector.

Roundtable discussions and dialogues were held as part of the forum on topics ranging from “Reviving Services Sector in Post Pandemic Era: Governance and Cooperation”, “Advancing Multi-sectoral Stakeholder Partnerships for the 2030 Agenda: The Global-Local Nexus Explained”, and “Powering Innovation Strategy for Digital Economy: Best Practices and Lessons Learned”. The forum also included a special session for members of the Global Young Leaders Dialogue (GYLD), a CCG initiative focusing on youth and development begun in 2020.

In his opening address, CCG President Wang Huiyao said that 2022 has been an extremely extraordinary year. The continued impact of the pandemic, escalating geopolitical tensions and a global economy in decline means the the world needs to be open to voices of rational cooperation. CIFTIS is the world's only national, international and comprehensive platform for trade in services and its continued impact since 2012 demonstrates China's determination to continue opening up, strengthen global economic and trade cooperation, and drive the "going out" and "bringing in" of service trade enterprises. While protectionism is on the rise, openness and cooperation are still mainstream in the international community. China has worked continuously to achieve an even higher level of opening up and ensure positive, mutually beneficial cooperation and win-win development on the world stage. Tourism, studying abroad, financial services, academic exchanges, business and trade, and a host of other services rely heavily on economic, trade and cultural exchanges, which we hope can be restored as soon as possible.

HOU Junshu, Vice Chairman of the Standing Committee of Beijing Municipal People's Congress said that CIFTIS is important for creating new momentum in service industries, promoting high-quality economic development, and driving international cooperation. As the event’s host city, Beijing takes a leading role in terms of creating a more open service industry and developing trade in services. In the first half of this year, Beijing's service industry accounted for 84.6% of GDP, 30% higher than the national average, and its trade volume in services accounted for about 1/5 of the national total . Beijing has given full play to its role as a testing ground, constantly deepening reforms and innovation, strengthening its efforts to become more open, blazing new trails in constantly changing situations, and advancing to a higher level of development.

Yi Xiaozhun, former deputy director-general of the World Trade Organization (WTO) said that as of June this year, the latest service trade prosperity index released by the WTO had risen to 105.5, which is significantly higher than that of trade in goods, showing the resilience of the global service trade industry and a shift in people's consumption patterns from products to services. Many countries have started to see signs of hope in their fight against the pandemic, but not long ago the World Bank issued a forecast that the world economy could possibly see the largest decline in the past 80 years. The inflation rates in Europe, the United States and emerging economies are over 8% across the board and as extreme climate events occur worldwide, it is estimated that the number of starving and malnourished people around the world will increase by 13 million in 2021. As we face multiple crises, global economic governance will continue to face multiple challenges such as a looming global recession, severe division within multilateral institutions, and the collapse of the rules-based global economic and trade order. To safeguard both domestic and global common interests, all countries, but major powers in particular, should abandon a zero-sum Cold War mentality and actively take on their due responsibilities, building bridges by strengthening multilateral cooperation through the G20 and the Bretton Woods system, to reconnect the world that has been deeply divided and fragmented.

ZHOU Yanli, CCG Advisor and Former Vice Chairman of China Insurance Regulatory Commission said that with the development of new information technology, there are unprecedented opportunities in the digital economy, which makes it necessary to establish internationally accepted rules in order to give full play to the value created by new products and new markets emerging within the digital economy by eliminating trade barriers, and promoting the interoperability of different digital systems. The Chinese government has made special arrangements to expand international cooperation in this sector and, in the future, China will work to further integrate the digital economy into a new model of global development and inject new momentum into a global digital economy.

Siddharth Chatterjee, UN Resident Coordinator in China, pointed out that all countries have been affected equally by changes in the digital sector, which will have a major impact on the implementation of the 2030 Agenda for Sustainable Development, bringing both great opportunities and serious challenges. The widening digital divide could threaten developing countries, especially LDCs, leaving them further behind. It is vital that we promote digital inclusion, work to bridge the digital divide, and ensure that digitalization creates global opportunities while mitigating potential negative consequences. Urgent action is needed to ensure that emerging technologies become global public goods with equal access for all regions and all segments of society. This must be done with the goal of building an effective global digital cooperation architecture, in areas such as artificial intelligence, to better support the achievement of the economic, social and environmental goals of the 2030 Agenda. As the world's second largest economy, China is a world leader in many areas of digital technology and the United Nations Office in China is eager to play a bridge role and use China's experience and advances in digital technology to benefit other developing countries. No country, institution or company has the ability to achieve the SDGs alone, and strengthening multilateralism is our only option. Through global partnerships with governments, businesses and individuals, we can act together to innovate and deliver on the 2030 Agenda and its core commitments, leaving no one behind.

Ali Obaid Al Dhaheri, Ambassador of the United Arab Emirates to China, ephasized the fact that over the past few years, the intensification of geopolitical conflicts and the impact of economic globalization require global policymakers to take greater steps to reverse trends in de-globalization and enhance cooperation and sharing among countries. The UAE and China have a comprehensive strategic partnership and hope to be committed to building a more prosperous and united world, partially through digital solutions. In terms of trade in goods and services, the UAE has outlined several goals - first among these is to increase trade with China, especially trade in services, to a higher level over the next 10 years. In terms of technological innovation, we have a great deal of mutual respect for the cooperation between the two countries in trade and technology, especially in the digital economy. The world is becoming more diverse, and we need to address looming and emerging challenges on a global basis. To achieve development requires inclusiveness and we need to work with China and other key players to achieve a consensus on how to solve current cross-border challenges and to promote and generate new development opportunities.

The China Inbound-Outbound Forum was first held in 2014 and has been held annually for eight consecutive years. The Forum is committed to creating a new model for discussing issues related to the global economy that is based in China's current position in the world and a common ethos of "going global". The Forum has been influential in helping Chinese companies "go out" while at the same time acting as a channel for foreign investment.

Honored guests and speakers at the forum included:

lH.E. Raja Dato Nushirwan Zainal Abidin, Ambassador of Malaysia to ChinalSir Danny Alexander, Vice President, Asian Infrastructure Investment BanklCHAI Qimin, Director of Strategy and Planning at National Center for Climate Change Strategy and International Cooperation (NCSC)lJustine Coulson, UNFPA Representative to ChinalH.E. Ali Obaid Al Dhaheri, Ambassador of the United Arab Emirates to China (CIFTIS 2022 Country of Honor)lJoshua Dominick, Founder of Krankin’ thru ChinalDONG Ruiping, CCG Senior Council Member, Vice President of Corporate Affairs for Herbalife ChinalH.E. Rahamtalla M. Osman Elnor, Permanent Representative of African Union to ChinalH.E. Clare Fearnley, Ambassador of New Zealand to ChinalH.E. Graham Fletcher, Ambassador of Australia to ChinalH.E. Patricia Hildegard Flor, Ambassador of Germany to ChinalNoah Fraser, Managing Director for China of Canada China Business CouncillH.E. Wim Geerts, Ambassador of Netherlands to ChinalH.E. Maria Gustava, Ambassador of Mozambique to ChinalH.E. Sophie Hottat, Chargé d'affaires a.i, Embassy of Belgium to ChinalGuillaume Joyet, Marketing & Events Manager of SwissChamlH.E. Soile Kauranen, Chargé d'affaires, Embassy of Finland to ChinalJoseph Keating, Trade, Commerce, Technology and Innovation Counsellor, Embassy of Ireland in ChinalZoon Ahmed Khan, Research Fellow at the Belt and Road Institute in Tsinghua UniversitylLineo Kobeli, International Relations Specialist, Africa Guangdong Business AssociationlLIU Chang, Vice President of Knorr-Bremse AG ChinalLIU Meiying, Deputy Director, Office of the Leading Group of Beijing “Two Zones”, Beijing Commerce BureaulMatthew Margulies, Senior Vice President of China Operations for the US-China Business CouncillMENG Dongping, Vice President of China Chamber of Commerce for Import & Export of Medicines & Health Products (CCCMHPIE)lMabel Miao, CCG Secretary-GenerallQIN Hu, Vice President of the Environmental Defense Fund (EDF), Interim Chief Representative of EDF’s Beijing Representative OfficelQUAN Bin, CCG Senior Council Member, Vice president of WeWork ChinalH.E. Luis Quesada, Ambassador of Peru to ChinalH.E. Bishnu Pukar Shrestha, Ambassador of Nepal to ChinalWilliam Shuai, CCG Senior Council Member, General Manager of Public Affairs, LinkedIn ChinalTom Simpson, Managing Director, China Operations & China Chief Representative at China-Britain Business CouncillAhmadzai Abdul Wahed, Secretary General of the Alumni Talent AlliancelWANG Huiyao, President of CCG; Vice Chairman of China Association for International Economic Cooperation (CAFIEC)lMiranda Wang, CCG Senior Council Member, Managing Director, ETS ChinalAnita Wei, CCG Senior Council Member, Vice President of Government Affairs, Danaher ChinalZHANG Wei, CCG Deputy Secretary-General, Senior Research Fellow; Former Chief Correspondent of United Nations Bureau, Economic Daily

CCG Books

● Published by Springer

● Edited by Wang Huiyao and Lu Miao

More Information

China and the World in a Changing Context-Perspectives from Ambassadors to China is the latest volume in CCG’s “China and Globalization” series, which seeks to create a balanced global perspective by gathering the views of highly influential scholars, practitioners, and opinion leaders from around the world on issues of policy and governance.

Ambassadors are a kind of vehicle and bellwether for globalization. These diplomatic envoys serve as pivotal contact points between nations across a wide range of fields, from economics and culture, to health and the environment. The special group of ambassadors in this book – all based in Beijing – are at the forefront of what, for many countries, is one of their most important bilateral relationships and the platform for one of the most striking and consequential developments in global affairs in the 21st century: the rise of China on the world stage.

● Links：

https://link.springer.com/book/10.1007/978-981-16-8086-1

● Published by Springer

● Edited by Wang Huiyao and Lu Miao

More Information

Released nearly two years after the outbreak of COVID-19, Transition and Opportunity brings together an array of CEOs and senior executives from leading multinationals, leaders of foreign trade associations and representatives of advocacy groups on the ground in China to share their views on the potential and risks China holds for business as the world economy recovers.

The 22 entries in this book include contributions from the heads of Beijing-based chambers of commerce representing the EU, the US, France, Switzerland and Brazil and others, CEOs and senior executives of MNCs like Airbus, Royal DSM, Michelin, LinkedIn and Herbalife as well as representatives of global consulting firms like KPMG, PwC, Accenture and Roland Berger.

Divided into three parts - ‘The Big Picture,’ ‘Analysis and Advice,’ and ‘On the Ground’ - content progresses from looking at how countries balance their own interests with China’s for that elusive ‘win-win’ formula, to the role consultancies and advisors play in helping companies succeed, then looking at the experiences of individual companies to see how they have adapted and thrived in China.

● Links：

https://link.springer.com/book/10.1007/978-981-16-8603-0

● Published by Springer

● Edited by Wang Huiyao and Alistair Michie

More Information

This book brings together leading international scholars and policy-makers to explore the challenges and dilemmas of globalization and governance in an era increasingly defined by economic crises, widespread populism, retreating internationalism, and a looming cold war between the United States and China. It provides the diversity of views on those widely concerned topics such as global governance, climate change, global health, migration, S&T revolution, financial market, and sustainable development.

● Links：

https://link.springer.com/book/10.1007/978-981-16-5391-9

● Published by Springer

● Edited by Wang Huiyao, President and Miao Lu, Vice President, Center for China and Globalization(CCG), Beijing, China

More Information

The internationalization of Chinese enterprises is one of the most notable aspects of economic globalization in the 21st century. Despite the 2008 financial crisis and weak global outbound investment, under the “go global“ initiative, Chinese outbound investment has gone from strength to strength, while also diversifying in terms of investment modalities, destinations, and industries. However, growing anti-globalization sentiment in some countries has also created new challenges for Chinese firms expanding internationally.

Drawing on nearly 3000 data samples, using both quantitative and qualitative research methods, this book presents unique insights into the features and patterns of Chinese enterprises’ globalization. The analysis provides a useful reference for enterprises that have already gone global and those that plan to. In particular, this book investigates challenges confronted by Chinese companies when doing business in foreign countries. It summarizes research covering three angles, namely: the current situation, causation analysis and corresponding solutions, and recommendations for firms, government agencies and other institutions.

This book provides a comprehensive overview to help readers to grasp the broad picture of the international expansion of Chinese enterprises. It has important reference value for enterprises to help devise foreign investment strategy, seize opportunities, and navigate challenges in the course of globalization.

● Links：

https://www.springer.com/cn/book/9789811546457

● Published by Edward Elgar

● Edited by Wang Huiyao, President and Miao Lu, Vice President, Center for China and Globalization(CCG), Beijing, China

More Information

An excellent guide for understanding the trends, challenges and opportunities facing China through globalization, this Handbook answers the pertinent questions regarding the globalization process and China’s influence on the world.

With contributions from leading experts and international researchers, each chapter covers key topics regarding China’s participation in globalization, including: China’s new role in global economic governance; outward direct investment; China’s soft power and the implications for foreign relations; global migration, diaspora and talent. An enriching range of case studies and extensive empirical research are used to explore the successes and failures of globalization in China, and to discuss the dilemmas facing decision makers in today’s globalized world. A major contribution to the field, this Handbook offers valuable insights to China’s often misunderstood globalization process.

An essential reference for academics and researchers looking for a go-to empirical resource, this Handbook provides scholars of economics, politics and East Asian studies with an exemplary selection of contemporary research on China and globalization.

● Links：

https://www.e-elgar.com/shop/handbook-on-china-and-globalization

● Published by Springer

● Authors: Wang Huiyao, President and Miao Lu, Vice President, Center for China and Globalization(CCG), Beijing, China

The first effort to address the gap regarding higher-end talent within the scholarly work on internal labor migration in China

Provides an essential overview of the major milestones in China’s talents attraction policies, as well as several recommendations to help further improve those policies

Investigates corresponding policies in Germany, Japan, and Singapore to serve as a basis for comparison

Provides a snapshot of first-hand reference material for relevant stakeholders involved in cooperation with China

More Information

This book offers the most comprehensive, up-to-date assessment of China’s domestic and international migration. Restructuring economic development requires large numbers of educated and skilled talents, but this effort comes at a time when the size of China’s domestic workforce is shrinking. In response, both national and regional governments in China have been keen to encourage overseas Chinese talents and professionals to return to the country. Meanwhile, the Chinese government has initiated a number of policies to attract international highly-skilled talents and enhance the country’s competitiveness, and some Chinese policies have started attracting foreign talents, who are coming to the country to work, and even to stay. Since Chinese policies, mechanisms, and administration efforts to attract and retain skilled domestic or overseas talents are helping to reshape China’s economy and are significantly affecting the cooperation on migration and talent mobility, these aspects, in addition to being of scholarly and research interest, hold considerable commercial potential.

● Links：

https://www.springer.com/gp/book/9789811362552#aboutBook

Other CCG News:

“China and Globalization” book series downloads top 2.3 million!
CCG’s first overseas visit since the pandemic

First Chinese Think Tank to Visit Europe since Pandemic

First Chinese Think Tank Visits Washington DC since Pandemic

New York: CCG Delegation's First Stop in the US

CCG Delegation of Experts Visits Singapore

Selected Video of CCG Global Dialogue （Ⅰ）

Selected Video of CCG Global Dialogue （Ⅱ）

CCG Book Launch Welcomes 20 Ambassadors to China

CCG and UN Women hold symposium on International Women's Day