The summer Davos forum of 2025 will be held from 24. to 26. June in Tianjin and about 1800 participants from over 90 countries and regions are expected to gather.
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Big story
America entering the conflict of Israel-Iran during the weekend dominated media titles, but Rastlinges this week at the “Summer Davos” conference, China, was more about navigating the future less intertwined by Washington.
A decade, goods, capital, technician and talent passed between the so-called East and West; It is now streams between global southern countries, Ben Simpfendorfer, partner in Hong Kong in the consultation of Oliver Viman consultation.
“Mood [in Tianjin] reflects the changed world order. The global south is more connected than ever. “
Global South Looline refers to less developed economies, especially countries outside American and European orbits. Consider Southeast Asia, Africa, Latin America and Middle East – All Regions of China sought develop trade and political relations with.
“There are 130 neutral countries that are ready to operate through geopolitical fractures and are looking for jobs that are relatively internationally … I am looking forward to the opportunity in the global south,” said Aparna Bharadvaj, General Manager of Aparna Bharvaj, managing director in Vef Panel.
China, which deepens its relationship with the global south, had its premier li Kiang calls more trade for “reshaping” of the world order at VEF forum on Wednesday.
“We could move into a world in which Asia and Middle East phenomena as a new and convincing economic block remained integrated in a degree with Europe and the United States, but that integration of fluctuates,” Simpfendorfer said.
Reconnected interest
Since 2007., the World Economic Forum based on the Swiss version of its Davos gathering in China, alternated between Tianjin and Dadon, both in the northern part of the country.
But as local Chinese governments rose their conferences and the total economy slowed, a foreign company interested in China did not have to rely so much on the summer Davos matches. Pandemic disorders and American tensions also took their toll.
Although otherwise otherwise peaceful groups of participants have turned into a little aggressive crowd to insert videos to select events, including talks on artificial intelligence and economic appearance.
Seats are quickly filled out for issuing VEF’s annual “Top 10 emerging technologies“Report – now in its third year of cooperation with the future Dubai Foundation. It was previously report He made a forum with scientific Americans.
Some prominent leaders used the opportunity to visit China. Singapore Prime Minister Lavrence Vong, Vietnamese Prime Minister Pham Minh Chinh and Ecuadoria President Daniel Noboa Azin were among the best political leaders They attend this year.
“The American tariff shock is a wasted call for the global south in general with the need to diversify,” Simpfendorfer said, quoting recent talks with companies in Malaysia and Vietnam.
But he pointed out that he would not easily switch with the targeting of a US market in several global southerns.
To attract trade partners, countries from Egypt Vietnam that China everyone is trying to improve their economic competitiveness.
“It’s an invitation to awaken Chinese multinational to build true international companies,” Simpfendorfer said, adding that learning in the last two decades would no longer be a good guide in the next 20 years, given the transformational impact of artificial intelligence.
The Egyptian Minister of Investments and Trade Hassan El Khatib told CNBC’s Chery Kang aside forum On Tuesday that the Earth strives to be in the first 20 in business competitiveness by 2030. years, after the main reform program, it was launched last year to submit the development of the private sector. He emphasized the Egyptian work pool and engineering talent and noticed that the country was courted investors from all over the world.
As US-china tensions remained far from solved, more countries can be fiercely to take the Chinese prime minister to his call to reshape the world.
– CNBC Bernice OOI contributed to this report.
Top TV Picks on CNBC
Johnson Chui, Chief of Global Issuer of Hong Kong Exchange and Clearing, talks about recent renovated interest in Hong Kong as a market, because it attracts the wave of foreign investors and IPOs.
Esvar Prasad, Professor at Cornell University and former Chief of the Chinese IMF division, talks about why both us and China feel pressure to “lower temperature” on their trade relationship.
Joe Ngai, President McKinsey China, believes that the bloodstreams in China showed resilience despite external threats, including tariff insecurity and geopolitical tensions in the Middle East.
I need to know
Chinese fiscal stations of income growth in May. Central government Fiscal income rose only 0.1% on May From a year earlier, a slowdown of 1.9% spread in April. Non-tax revenues reduced 2.2%, its first annual decline since 2014., while tax revenue was a modest profit of 0.6% of the year earlier.
Chinese Prime Minister Li Kiang called not to turn trade into a political matter. Spoke to Opening of the Plenary Plenary Annual Conference of the World Economic Forum In China, often called “Summer Davos”. The Chinese leader also called on other countries to cooperate on trade and promised to “enter a Chinese Mega-Olim spend.”
Beijing Tempers Criticism of Israel. China initially pledged to support Iran soon after the attack of Israel 12. June. Despite the initial emission of Iran’s support, Beijing’s rhetoric crossed to become measured.
– Anniek Bao
In markets
Main China and Hong Kong Stock rose early on Wednesday in the middle of a mixed trade in the region, because investors strive for a truce between Israel and Iran, and fresh comment From the US Federal Reserve.
Kinal China CSI 300 was 0.35%, while Hong Kong Hang Seng Index – which included the main Chinese companies – gained 0.77% in local time from 12:20.
The performance of Shanghai composites over the past year.
Appear
24. June to 27. June: The Standing Committee of the National People’s Congress, in the Chinese top legislature, meets Talk about the law on unfair competitionand review government consumption.
26. June: Asian Infrastructure Investment Bank has a ceremony of opening its annual meeting after Appointment of a new president for a five-year term since January; Kiaomi to detect the price of his electric IU7 Jeep
27. June: China Industrial Profit Data for May
30. June: Official Chinese PMI production for June
1. July: Anniversary of the ruling establishment of the Chinese Communist Party in 1921; Caikin Production of PMI for June
