Singapore State -owned Assets and Social Policy Minister Shang Daman believes that in the China Development High -level Forum, when implementing industrial policies with development capabilities and inspiring innovation, countries must play a greater player.Imagination, and more deeply that the open global economy is the source of the power of all countries.
If the industrial policies of various countries continue to follow the road of protectiveism, the real risk is not the global economic fragmentation, but the world is divided into different groups;While re -focusing on industrial policies, it also maintains the opening of the global economy, and aware of the open global economy is the source of the power of all countries.
Shangdaman's Sunday (March 26) when attending a high -level Forum in China in Beijing, it emphasized whether the United States and China can combine competition with cooperation requires considerable strategic ambitions and skills.Essence
China Development High -level Forum 2023 Annual Meeting March 25th to 27th was held in Beijing. This is the first time that the forum was resumed offline after the outbreak of the crown disease epidemic in 2020.The forum focuses on economic issues and has always been regarded as an important platform for communication dialogue between Chinese senior management and international industry and commerce leaders.
Shang Daman analyzed the global macroeconomic challenges on the forum.He pointed out that countries are dealing with the consequences of the previous period of monetary policy easing.In addition, impacts such as epidemic, financial crisis and extreme weather have become part of the current status of economic, social and political.The "three global environmental crisis" of global warming, natural resource consumption, and intensified water resources crisis may be outbreak from time to time, and it may be the greatest challenge of human beings.
In addition, countries are also facing population challenges, and the era of excess labor worldwide is about to end.
Shang Daman then pointed out that countries' excessive focus on the macroeconomic cycle and demand management, and pay attention to the various impact work that has become part of the modern life.
He said that all countries need to re -adjust economic policies and political strategies. The core challenges of the current era are no longer how to cope with the growth cycle, credit and inflation, but such as plague, changes in the earth system, geopolitical interference, etc.The impact.
This means that we must pay more attention to the supply side of economic policies, not the demand side, and recognize the limitations of monetary policy.
Shang Damman made three suggestions for countries, first of all, to release innovation capabilities with greater ambitions, especially in the field of green economy; secondly, it is a public product that focuses on domestic and global public products.
Shang Damman also urged countries to maintain the global economy when focusing on industrial policies and establishing their own capabilities.
Over the past year, the Sino -US scientific and technological war has accelerated heating up, and the risks of Sino -US trade and technology decoupled have attracted worldwide attention.
Shangdanman pointed out that the industrial policies of various countries have not been doubtful in the way of any country are not specifically protected.As a result, the world is divided into a real risk of different groups.In that circumstances, all people, innovation and productive growth, and the interests of various groups will be damaged.
Shang Damman believes that when implementing industrial policies with development capabilities and inspiring innovation, various countries must exert greater imagination and recognize more deeply that the open global economy is the source of the power of all countries.
How to deal with the tension between China and the United States will have a significant impact on the global economy
He finally emphasized that Sino -US tensions and the treatment of relations between the two countries will have a significant impact on the global economy and all countries.He said that in the era of witnessing the unprecedented competition in the history of the great power, it must also be a era of major challenges and risks such as climate change, water resource crisis, biodiversity damage, global terrorism and nuclear diffusion crisis.
Shang Daman said how to combine competition and cooperation in the United States and China requires considerable strategic ambitions and strategic skills, but this is essential for China and the United States and the world."Let's build an optimistic spirit and realize that in the final analysis, the best form of each of our social toughness is open."
