Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
The Summer Forum of Davos 2025 will take place from June 24 to June 26 in Tianjin and is expected to gather about 1800 participants from more than 90 countries and regions.
Chinese News Service Chinese News Service Gets the image
In this report by the CNBC China Connection newsletter, which gives you an understanding and analysis of what drives the second largest economy in the world. Every week we study the biggest business stories in China, give up the market steps and help you set up a week ahead. How is what you see? You can subscribe Here.
A great story
In the United States, which come into the Israeli-Iran’s conflict over the weekend, headlines in the media prevailed, but this week at the “Summer Davos” conference in Tiantsin, China was more about navigation in the future, less intertwined with Washington.
A decade ago, goods, capital, technology and talents of flow between the so -called East and the West; Now we are talking about the flows between the global countries of the Southern, said Ben Syphile, a partner based in Hong Kong in consultation with Oliver Weiman.
“The mood (in Tianjin) reflects the changed world order. The world south is more connected than if it is.”
Global south Little refers to less developed economies, especially non -US and European orbits countries. Think southeast Asia, Africa, Latin America and the Middle East – all the regions that China sought The development of trade and political relations with.
“There are 130 neutral countries that are ready to do business during geopolitical fractures and are looking for businesses, and many are running for leaders who are relatively internationalists … I look forward to opportunities in the south of the South,” said Bharadva, head of the Global Advantage Practice at the WeF Board.
In China, which deepened its relations with the world south, was the main Lee Ten, which called for more trade for the “reshuffle” of the World Order on Wednesday.
“We could move into a world where Asia and the Middle East act as a new and persuasive economic bloc that is still integrated in degree with Europe and the US, but this integration fluctuates,” said the syllables.
Updated percentage
Since 2007, the Swiss Economic Forum has held a summer version of the Davos collection in China, alternating between Tianjin and Dalian, as in the northern part of the country.
But as local Chinese governments increased their own conferences, and the overall economy has slowed down, foreign companies interested in China should not hope for contact with Davos in the summer. Pandemic and US-Kita failures also took its importance.
This year, even otherwise, the quiet visitors’ groups turned into a slightly aggressive crowd to hooked stains for selected activities, including artificial intelligence negotiations.
The seats quickly filled to exit the annual WeF “10 best developing technologies“Report – Now in the third year of cooperation with the Dubai Foundation. Previously, the report was Created forum with a scientific American.
Some well -known leaders took the opportunity to visit China. Singapore Prime Minister Lawrence Wong, Prime Minister Vietnam Fam Ming and Ecuador President Daniel Nobby were one of the leading political leaders It is present this year.
“The US tariff shock has been a call to the world of the South as a whole about the need for diversification,” said the sympathy, citing recent conversations with enterprises in Malaysia and Vietnam.
But he noted that moving from one -market orientation to several global South markets.
Attract trading partners, countries from Egypt to Vietnam China is trying to increase its economic competitiveness.
“This is a call to wake that the Chinese multinational companies have created a truly international business,” said the sympathy, adding that studying over the past two decades will no longer be a good guidance over the next 20 years, given the transformation influence of artificial intelligence.
Minister of Investment and Trade Egypt Hassan El Hatib told gray knbc on the forum’s backstage On Tuesday, the country is committed to becoming a top -20 in business competitiveness by 2030, after a major reform program launched last year to push the private sector development.
He emphasized that work in Egypt and engineering talent and noted how the country looked after investors from all over the world.
As the US tensions remain far from resolved, more and more countries may seek the Prime Minister of the Chinese Prime Minister at his invitation to reshuff the world.
– Bernice Ooi in this report submitted to this report.
Top Election TV on CNBC
Johnson Chui, Head of the Global Exming Services Department in Hong Kong Exchange and Clearing, tells of a recent updated interest in Hong Kong as the market is attracted by foreign investors and IPOs.
Eswar Prasad, Professor of the University of Cornela and former head of the Chinese department of the IMF, tells about why both the US and China are pressure on the “temperature reduction” on their trade relations.
Joe Niga, chairman of McKinsey China, believes that corporations in China have shown resilience despite external threats, including tariff uncertainty and geopolitical tensions in the Middle East.
Need to know
Chinese financial income growth in May. Central government Fiscal income in May grew by only 0.1% A year earlier, slowing from 1.9% expansion in April. Taxation revenue decreased by 2.2%, which is the first annual fall since 2014, while tax revenue has received modest profits by 0.6% compared to a year earlier.
Chinese Prime Minister Lee Ten urged not to turn into political trade. He performed in Opening the Plenary Conference of the World Economic Forum In China, which often dubbed the Summer Davos. The Chinese leader has called on other countries to cooperate in the field of trade and pledged to “make China a mega from the consumption power plant.”
Beijing Tempera criticism of Israel. China initially promised to support Iran shortly after the Israeli attack on June 12. Despite the initial support of Iran, Beijing’s rhetoric has moved to become more measured.
– Eniek Bao
In the markets
Mainland China and Hong Kong stock rose at the beginning of Wednesday amid ambiguous trading in the region when investors weighed the ceasefire between Israel and Iran, and fresh comments From the US Federal Reserve.
Mainland Chinese CSI 300 grew by 0.35%and Hong Kong Hang the Index – The included large Chinese companies – they scored 0.77% as of 12:20 local time.
Shanghai composite’s performance over the last year.
Applicable
June 24 to June 27: Permanent Committee of the National People’s Congress, China’s Chief Legislative body, meets with Discuss the law on unfair competitionAnd review public expenses.
June 26: Investment Bank in Asia holds opening ceremony after the annual meeting By appointing a new president for a five -year term since January; Xiaomi to reveal the price of its SUV Electric Yu7
June 27: China’s industrial income data for May
June 30: Chinese official production PMI for June
July 1: the anniversary of the ruling founder of the Communist Party of China in 1921; Caixin PMI Production for June
