Energising Global Economy: China Shares Best Practices

By Godlove BAINKONG, Cameroon Tribune
Résultat de recherche d'images pour "Global Production Capacity and Business Cooperation in Wuhan"Over 2,000 economic experts from 72 countries on June 6 ended a two-day forum on Global Production Capacity and Business Cooperation in Wuhan, Hubei Province of China.

The People’s Republic of China has pledged her willingness to work together with other foreign countries to seize the new opportunities brought by the changes
in global economic pattern so as to share the development dividend, compliment each other’s advantages and achieve win-win results. China took the commitment on June 6, 2016 at the end of a two-day forum on Global Production Capacity and Business Cooperation in Wuhan, Hubei Province which brought together over 2,000 economic development actors from over 72 countries.
The forum, the first in its kind, offered China and the world the opportunity to discuss ways of better cooperating to energise the global economy under the principles of corporate interests and social benefits, being open and inclusive and letting the market play the decisive role. Different speakers who took to the rostrum elaborated on the theme of the forum, “Work Together Win Together” insisting that current global economic challenges should rather serve as opportunities for sustained and mutually-beneficial cooperation.
Building a community of shared `destiny, capitalising on each other’s comparative advantage, deepening industrialisation and diversifying the economy were presented as enticing growth purveyors. Various delegations from Africa presented during a special ‘Africa Session’ the economic potentials of the respective countries as well as the administrative and legal instruments in place guaranteeing fruitful investments.
Addressing delegates on ‘African Session’ the Director General of African Affairs in China’s Ministry of Foreign Affairs; Lin Songtian said Africa enjoys abundant natural resources and population dividend which are in urgent need to be developed and utilized. Although challenges abound, Mr Lin Songtian said, “We stand for the concept of intensive development and will not support the construction of large-scale infrastructure which lacks economic, social and self sustainable development.”
The forum also saw the signing of over 28 major projects worth over eight billion U.S. dollars between six provinces of central China (Hubei, Hunan, Jiangxi, Anhui, Shanxi and Henan) and different countries and regions of the world. This in an effort to boost susceptible growth-induced sectors like new energy, energy conservation and environment protection, bio-pharmaceutical, high and new technology, infrastructure, logistics, et.


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