FutureChina Global Forum 2015
OPPORTUNITIES AMIDST CHINA’S REBALANCING
The sixth edition of the FutureChina Global Forum 2015 (FCGF), held on 20 and 21 July, brought together over 60 esteemed international speakers to share their insiders’ perspectives on China’s future through a total of 16 plenary sessions and panel sessions.
FCGF 2015, themed “Opportunities Amidst China’s Rebalancing”, is a timely assessment of China’s current course, reflecting the fact that while economic restructuring seems to be causing a significant moderation in the pace of growth, this also gives rise to a wave of fresh opportunities in the new growth sectors.
The Forum kick-started with the Opening Plenary session helmed by Mr Tung Chee Hwa, Prof Justin Lin, Dr Huang Yukon and Dr Mari Pangestu on “Navigating the economic slowdown”. Keynote speaker, Mr Tung Chee Hwa, Vice-Chairman of the 12th CPPCC National Committee, People's Republic of China and Former Hong Kong Chief Executive shared his invaluable insights on China’s “new normal”. In his speech, he stated that China’s economy can maintain a 7% growth rate over the next few years. Mr Tung also noted that with the launch of the One Belt One Road initiative, key city clusters in China such as the Beijing-Tianjin-Hebei region and the Yangtze River economic belt would be the new driving forces of the Chinese economy.
In the Dinner Dialogue, Mr George Yeo, Chairman, Kerry Logistics Network Limited and Singapore’s Former Foreign Affairs Minister led a lively and wide-ranging dialogue session which centred on the economic and political impact of China’s One Belt One Road initiative, as well as the future of China-ASEAN relations. While discussing the implications of the One Belt One Road initiative, Mr Yeo noted that it could potentially change the geoeconomics map of Asia.
Dr Levin Zhu, financial expert and former Chief Executive Officer, China International Capital Corporation, was the keynote speaker for the Plenary Lunch themed “Staying the course of the economy”. Dr Zhu stated that One Belt One Road is China’s most significant and extensive project, covering 66 countries, including China and will require a large amount of resources and infrastructure. Dr Zhu stated that China will play a key facilitating role in this initiative, as it understands the importance of infrastructure to developing countries and has certain advantages in technical competence and a large manpower base.
Business China’s Patron, Prime Minister Lee Hsien Loong graced the Closing Plenary Lunch on 21 July and spoke on the future of Singapore-China relations as the two countries celebrate 25 years of official diplomatic ties this year. Singapore was China’s largest foreign investor country in 2014 while China was Singapore’s largest trading partner last year. He also noted that ties between the two nations have deepened and widened especially in economic relations, tourism, academic exchanges, and regional cooperation.
About 450 top policy makers, corporate leaders, senior business executives and leading academia attended the Forum this year to exchange insights on hot-button issues pertaining to China and its future directions.
Highlights of FCGF2015 can also be viewed on YouTube by subscribing to the FutureChina Global Forum at: https://www.youtube.com/FutureChinaGlobalForumSingapore. Videos are also available on:
FutureChina Global Forum is a high-level China-centric forum established in Singapore by Business China since 2010. An independent platform that is interactive and bilingual, FCGF provides a holistic perspective of China’s fast evolving socio-economic landscape, and goes far beyond the usual discussions on China’s developments. The Forum also offers exclusive networking opportunities with business leaders and China experts from all over the world.