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  Jan, 31st, 2018 Monday

BFA Update

An Open and Innovative Asia for a World of Greater Prosperity

On January 25, 2018, Boao Forum for Asia held a press conference in Beijing to brief the media on preparations for the Annual Conference 2018.

BFA hosts 2018 New Year Reception

On the evening of January 25, 2018, Boao Forum for Asia (BFA) hosted New Year Reception at Beijing China Summit Wing to thank those who have offered continuous support to the development of BFA.

BFA takes place in April to discuss globalization

The Boao Forum for Asia (BFA) Annual Conference 2018 is slated to be held in Boao, Hainan on April 8-11. At the press conference on the BFA preparations held on January 25 in Beijing, ZHOU Wenzhong, Secretary General of BFA.

Political and Economic News

World Bank: Global economy will edge up to 3.1% in 2018

The World Bank stated that the global economy is forecast to grow 3.1% in 2018, slightly higher than the 3% in the previous year and the best in seven years. The year 2018 will be the first time since the financial crisis that the global economy will approach or reach full growth potential.

IMF raises forecast for global economic growth this year to 3.9%

At the Davos Forum in Switzerland, the IMF announced that the latest forecast for global economic growth this year was 3.9%, 0.2 percentage point higher than the figure forecast in October last year; and forecast that the global economic growth rate in 2019 will also reach 3.9%.

Moody’s: Stability for Asia-Pacific outlook in 2018

Moody's Investors Service published the “Outlook for Credit Ratings of Sovereign States and Regions in Asia-Pacific 2018” on the 10th day that favorable economic growth balances high leverage and stabilizes the outlook for sovereign countries and regions in Asia-Pacific in 2018.

World Economic Forum releases “Global Risks Report 2018”

In the “Global Risks Report 2018” released on January 17th, World Economic Forum states that the economy enjoys a strong momentum of growth in 2018 and the global risks will intensify, among which the environmental risk comes out top.

PricewaterhouseCoopers: China’s corporate M&A transaction value falls 11% last year

In 2017, mergers and acquisitions by Chinese enterprises seem to have slacked off. According to the latest Chinese Enterprises M&A Market Review 2017 and Outlook 2018 released by PricewaterhouseCoopers.

Global Talent Competitiveness Index (GTCI) released shows China approaching South Korea

According to the Global Talent Competitiveness Index (GTCI) jointly released by Adecco Group and the European Institute of Business Administration (INSEAD) at the annual meeting of the World Economic Forum (WEF) in Davos on the 23rd day.

Nielsen Report shows consumer confidence in China

Nielsen, a world-leading marketing and consumer information provider, released its report in Beijing on February 6. The report shows that after a sustained rise in three quarters, China’s consumer confidence index continued to remain at a historically high level of 114 points in the fourth quarter of 2017.

Research Center

Development of Emerging Economies for AC2017

Asian Competitveness for AC2017

Progress of Asian Economic Integration for AC2017

Member Center

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Member update

China Development Bank and Standard Chartered PLC sign Memorandum of Understanding

Under the joint witness of Chinese Premier Li Keqiang and the UK Prime Minister Theresa May, Hu Huaibang, Chairman of China Development Bank, and Bill Winters, Chief Executive Officer of Standard Chartered Group, today signed the Memorandum of Understanding on 10 billion yuan Credit Extension for the Belt and Road Initiative.

Bank of China releases the 2017 “White Paper on RMB Internationalization”

On January 31, the Bank of China released the “White Paper on RMB Internationalization – RMB in the Two-way Opening-up of Financial Markets” in 2017. This is the fifth consecutive year that the Bank of China has been investigating the participation of global customers in internationalization of RMB.

Yan Bin, Chairman of Reignwood Group, is elected as a member of the 13th CPPCC National Committee

Congratulations on Chairman of Reignwood Group Yan Bin for his election as a member of the 13th CPPCC National Committee.

“Life supply line” of Vietnam V?nh Tân project by China Southern Power Grid is completed

On January 14, 2018, the coal vessel loaded with 7,682 tons of foundation coal arrived at the coal wharf of the V?nh Tân Phase-I power plant for unloading from the Port of Campha in northern Vietnam.

2017 “Fluorescent Teacher Support” project trains 6,150 teachers in rural areas

In 2017, the CEFC Shanghai Charity Fund “Fluorescent Teacher Support” project was extended to 14 township primary and secondary schools in Jianou City, Fujian Province in addition to its presence in one district and nine counties in Gansu Province and Zhaotong City in Yunnan Province.

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