The FutureChina Global Forum is the only Forum going beyond the usual discussions on China’s economic and political evolution to provide a holistic perspective of how China is evolving, the various drivers of change and how they interact with one another.
The FutureChina Global Forum is the only Forum going beyond the usual discussions on China’s economic and political evolution to provide a holistic perspective of how China is evolving, the various drivers of change and how they interact with one another. “Opportunities Amidst China’s Rebalancing” is the theme of FutureChina Global Forum 2015 and it reflects the fact that while the economic restructuring process leads to a significant slowdown in the pace of growth, this also gives rise to a wave of fresh opportunities in the services sector and new growth sectors. A new paradigm is beginning to emerge in which some of the conventional wisdom and established truths about doing business in and with China will have to be revisited.
The Forum held on 20 and 21 July at Shangri-La Hotel Singapore was graced by Prime Minister Lee Hsien Loong and he delivered a keynote speech. Mr Tung Chee-Hwa, Former Chief Executive of Hong Kong SAR, Mr George Yeo, Chairman of Kerry Logistics Network Limited and Mr Levin Zhu, former Chief Executive of China International Capital Corporation also graced the Forum and delivered keynote speeches during the Forum.
In addition, IMC Group Chairman, Chavalit Frederick Tsao, was invited to sit in the panel to assess and give his views on China’s “One belt one road” (OBOR) initiative – a project launched in 2013. This initiative is shaping up to unleash massive economic advancement across Eurasia by connecting an estimated 4.4 billion people along ancient Silk Road trading routes.
The new developments will enable China to secure a supply of natural resources, export production capacity in areas of over-production and underline its ambitions on the world stage. The OBOR framework will also give all countries involved the opportunity to transform their economies over the next few generations.
For ASEAN, there are immense long-term possibilities to reshape the regional economic environment. Businesses looking to get a slice of the pie would also have to be clear about the risks involved going global. “They should stay focused on the big picture. The way we co-create and take responsibility of this relationship is the risk we have to manage”, said Frederick Tsao.
Contributed by: Christina Wee, Group Communications