CGTN AMERICA: Boao Forum: Why the World Needs an “Indivisible Security Community”

In his opening speech at the annual Boao Forum on April 21, Chinese President Xi Jinping called for an “indivisible security community”. Xi said security is a prerequisite for any development.

WASHINGTON (PRWEB) April 21, 2022

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CGTN America publishes “Boao Forum: Why the World Needs an ‘Indivisible Security Community’

In his opening speech at the annual Boao Forum on April 21, Chinese President Xi Jinping called for an “indivisible security community”. Xi said security is a prerequisite for any development. “The international community today has evolved so much that it has become a sophisticated and integrated security apparatus,” he said.

This year’s theme for the Boao Forum for Asia is “The World in COVID-19 and Beyond: Working Together for Global Development and a Shared Future”. The three-day forum is underway in Boao, a coastal city in Hainan, China’s southernmost province. Inspired by the World Economic Forum in Davos, Switzerland, some call the Boao Forum the “Asian Davos”.

Security is the foundation of development and a shared responsibility, President Xi said in his video address. “It is particularly important for major countries to lead by example in respecting equality, cooperation, good faith and the rule of law, and to act in a manner befitting their status,” he said. he declared.

Speaking at the forum’s opening plenary session, IMF Managing Director Kristalina Georgieva highlighted the “tremendous challenges” the world is currently facing: “The global economy has been hit shock after shock, dragging crisis upon crisis. As a result, she said, the IMF forecast “a further deterioration in global growth for 2022 and 2023.”

To stop and reverse this downward trend, Xi urged forum member states to take the lead. In 2021, Asia’s collective economic weight has grown to 47.4% of the global economy, according to this year’s Asia Economic Outlook and Integration 2022 Annual Report.

Asia has become a leader in intellectual property rights and innovation. In 2020, the World Intellectual Property Organization says it received around 2.2 million patent applications, more than double the combined total of Europe and North America.

Already an engine of global economic growth, President Xi said the world could “make Asia an anchor” for shared success and world peace. “When Asia does well, the whole world benefits,” he said.

To propel the region and the world forward, Xi called for more cooperation through Asia-wide partnerships such as the Regional Comprehensive Economic Partnership (RCEP), which came into effect in January of this year. It is the largest free trade agreement in the world.

As one of the world’s two largest economies, China will play a pivotal role in this combined effort, Xi noted.

Despite formidable headwinds hampering global growth – the pandemic and supply chain rumbles, armed conflicts in Europe and rising inflation in the US and EU – Xi told attendees at the Boao Forum that the Chinese economy continues to show ample room for maneuver and long-term sustainability.

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https://news.cgtn.com/news/2022-04-21/Xi-Jinping-Boao-2022-When-Asia-fares-well-the-whole-world-benefits–19pin75Hwnm/index.html

Contact: Zeng Siwei

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For the original release on PRWeb, visit: https://www.prweb.com/releases/2022/MM/prweb18633968.htm

Melvin B. Baillie