PRESS RELEASE: The "Understanding China - GBA Dialogue" conference discusses a new development paradigm

-The "Understanding China – GBA Dialogue" conference discusses a new development paradigm and solutions for global growth

The event, held on April 19 in Guangzhou (China), highlights the new possibilities for development and the need to build a world economy based on balance, inclusion and tolerance.

GUANGZHOU, China, May 4, 2023 /PRNewswire/ -- A seminar of the annual conference "Understanding China - GBA Dialogue" recently brought together distinguished personalities from politics, academia and business to shed light on opportunities for cooperation. before China and the world to boost economic recovery in the post-pandemic era.

Focusing on the theme "New Development Paradigm and Balanced, Coordinated and Inclusive Global Economic Development", the event, co-sponsored by the China Institute of Innovation and Development Strategy, provided world leaders with a platform to delve deeper into issues related to main current challenges and the role of China to facilitate world trade and economic recovery.

Although the global economy has recovered to some extent, the threat of downward pressures fueled by energy crises and geopolitical frictions remains, and rising international tensions introduce further uncertainty that clouded global growth prospects.

Against this backdrop, the seminar aimed to create a space that would bring together politicians, academics, thinkers and business leaders from around the world to look back on China's contributions to driving social and economic progress and explore new possibilities for China and other countries unlock the next phase of growth.

Speakers recognized China's effort to inject new energy into the world economy in 2023, and optimized COVID-19 response policies that help boost global demand and ease supply chain constraints.

During his speech, former British Prime Minister Gordon Brown also highlighted China's achievements in social development, while stressing the urgent need for global cooperation to tackle the world's most pressing challenges.

He called on major powers to work together to better forge multilateral collaboration, promote reforms of international institutions, improve the international economic governance system, and strive to build a more prosperous, equal and sustainable future.

Lord O'Neill of Gatley, Senior Counselor of the UK's Royal Institute of International Affairs, shared Brown's view, stressing that the spirit of global cooperation among the G20 must be revived in response to global problems such as economic downturn, regional conflicts , climate change and public health.

Xu Zhengzhong, Deputy Director of the Department of Economics of the National Academy of Governance of China, noted that China's new development blueprint will help redraw the map of global innovation and reshape the global economic structure, refining international norms and standards and enabling while more countries enjoy the fruits of economic globalization.

Liu Xinghua, Director of the China Economic Research Center of the China Institute for Development Strategy and Innovation, stressed that it is the collective responsibility of all nations to follow the path of peaceful development and help solve world economic problems. He stressed the importance of establishing a fair and equitable global economic framework that prioritizes balance, coordination, inclusiveness, cooperation and common prosperity.

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