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Wang Qishan Attends and Addresses the Opening Ceremony of the 2019 New Economy Forum

On November 21, 2019, Vice President Wang Qishan attended and addressed the opening ceremony of the 2019 New Economy Forum in Beijing.

Wang Qishan said, innovation is the primary driving force for development. The history of human civilization is a history of exploration and innovation. Today, mankind is more capable of creating material wealth than ever before. Exchanges and communication become more convenient and close, and international economic and trade are more prosperous than ever. It has become a trend for different civilizations to take measures based on local conditions and learn from each other. It has become a new concept that man and nature are interdependent and should live in harmony. At the same time, mankind is confronted with many common threats, including imbalanced and insufficient development, rising protectionism, unilateralism and populism. There is disturbing trend in economic globalization, and the international order is under impact.

Wang Qishan pointed out, historical experience has proven time and again that only reformers and innovators could survive the difficulties and challenges. Only with bold innovation and reform can we take the initiative firmly in our hands. We need to recognize the trend of the times and make the choice in a scientific and rational manner with the vision to create a better future for all mankind.

Wang Qishan stressed, Chinese civilization adheres to the fine traditions and encourages creativity as well as upholds the concept that real harmony hinges on the recognition of and respect for disparities. Chinese civilization has evolved and grown by drawing on its past achievements, and also realized integration and made innovations through exchanges and mutual learning. The Communist Party of China has combined the basic principles of Marxism with China's concrete practice, carried forward the fine traditional Chinese culture, led the people of all ethnic groups in making great achievements, and embarked on a path of socialism with Chinese characteristics that suits China.

Wang Qishan pointed out, no country or nation could realize its modernization smoothly. The Chinese people know what they have, what they want and what they are prepared to give. Every step of our exploration will remain active, steady, calm and sober, and bear in mind the current and long-term as well as partial and overall situation and take into account necessity and feasibility. We are firm in the path we have chosen, and confident, patient and more determined in achieving the grand goal of the great rejuvenation of the Chinese nation.

Wang Qishan expressed, China will continue to follow the path of peaceful development. The Chinese people are willing to work together with the people of the rest of the world to build a community with a shared future for mankind, join hands to meet global challenges, jointly shoulder the historic responsibility of promoting world peace, development, prosperity and beauty, and explore the new ways for the governance deficit, new methods for the trust deficit, new thoughts for the peace deficit and new methods for the development deficit. We should uphold the international system with the United Nations at its core and build a more just and equitable global governance system. We need to treat each other as equals with sincerity, adhere to mutual consultation and understanding, respect and trust each other, build consensus and do our own work. We should uphold a vision of common, comprehensive, cooperative and sustainable security, and pursue peace through consultation, cooperation and development. We need to focus on the fundamental principle of development, pursue an innovation-driven, well-coordinated and inter-connected, and fair and inclusive approach, and build an open and win-win cooperation model and a balanced and universally beneficial development model, so that people of all countries can share the fruits of economic globalization.

Wang Qishan also met with Henry Paulson, former Treasury Secretary of the United States and other guests on the sidelines of the forum.

The New Economy Forum was founded in 2018. More than 600 people, including foreign government officials, former political heavyweights and Chinese and foreign entrepreneurs were present at the forum.

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