World Business Leaders Conference calls for innovation and development

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The 6th World Business Leaders Conference is held in Kunshan, Jiangsu Province on May 17. [Photo by He Shan/]

The 6th World Business Leaders Conference was held in Kunshan, Jiangsu Province on May 17 to discuss the trend of world trade and investment under the theme of “innovation and development against the backdrop of global changes.”

The conference, organized under the framework of China Import Expo, has attracted more than 600 representatives from over 40 countries and regions.

Zhang Wei,vice-chairman of China Council for the Promotion of International Trade(CCPIT), emphasized that the global business community should increase connectivity so as to reach win-win cooperation and facilitate global trade.

Commenting on the transformation and upgrading of traditional industries, China’s vice commerce minister Fang Aiqing said that it is crucial to optimize the environment for innovation, pool innovation resources, implement innovation-driven strategy and prop up the development of new technologies, new industries, new businesses and new models.

Yi Xiaozhun, deputy director-general of the WTO believed that almost none of the global trade challenges we face today would be easier to solve outside of the multilateral system.

"With all of this in mind, I think our task now is to keep strengthening the system, delivering new reforms and resisting the erection of new barriers to trade," he added.

Long Guoqiang, vice-president of the Development Research Center of the State Council, stressed the significance of global vision for innovation and called for more technological innovation in China by taking advantage of global resources.

Duke University President Richard H. Brodhead spoke highly of the establishment of Duke Kunshan University (DKU), saying that it is a good example of cooperation on education between the United States and China. In addition, he hoped that DKU will cultivate more intellectuals for China in the future.

Other prominent business leaders, including Chi Jianxin, chairman of the China-Africa Development Fund, and Wang Shi, chairman of Vanke Group, attended and addressed the conference.

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