Former Polish Vice PM: China is irreplaceable in globalization

World
Europe

09:32

After the opening ceremony of the China International Import Expo (CIIE) this morning, Hongqiao International Business Media and Think Tank Forum, one of the four major forums held during the CIIE, was convened as scheduled with the theme of "Build and Communicate an Open World Economy".

Over 600 world media and think tank experts came to this pageant to share ideas regarding open economies in the fluid global market.

Former Polish Vice Prime Minister Grzegorz W. Kolodko was also present at the meeting, reckoning President Xi Jinping's keynote speech at the CIIE opening ceremony has laid solid groundwork for eliminating current trade tensions and the upcoming G20 Buenos Aires summit.

He heaped praise on China's adherence to economic reform and its irreplaceable role in spurring global trade, indicating "China is more capable than any other country of getting the world out of the current trouble."

"We are in an era brimming with sharp challenges, and I'm not sure the alleged democracy and freedom really help. We need to seek solutions elsewhere, and China's contribution is great," he noted.

"In practical terms, globalization broadens market access, stimulates the capital flow, drives the growth of technology, and pushes ahead sustainable development. Globalization is fabulous, but it calls for innovation, and China has the upper hand in this area."

Kolodko also showed his regret over the concept of inclusive globalization, which was put forward by the World Bank as early as 2001 without marked progress, saying the world is still not entirely inclusive.

Meanwhile, he argued that following the beaten track is utterly futile in the face of the issues and challenges ahead.

"New solutions and answers are needed while global governance and global policies calls for coordination, and China will play a larger part in this space," he emphasized.

Today is the first day of the CIIE. More than 3,000 companies from over 130 countries and regions are participating in the expo.