Boao Forum for Asia Phnom Penh Conference Explores New Ideas for Asian Economic Cooperation
Origin:Boao Forum for Asia      Time:2018-10-01 08:28:42     Views:321

Xinhua News Agency, Phnom Penh, Sept. 27 (Reporters Wang Di, Mao Pengfei) The Boao Forum for Asia (BFA) Phnom Penh Conference kicked off in Phnom Penh, capital of Cambodia, on Sept 26,2018. The participants shared the successful experience and innovative ideas for Asian economic cooperation, starting with China-Cambodia cooperation. 

LI Baodong, Secretary-General of the BFA, said at the conference that globalization proved to be an indispensable external condition for developing countries to shake off poverty and backwardness. Globalization requires new ideas, and developing countries shall become co-authors of rules. The experience of many Asian countries, including China, in development merits attention. Economic globalization, he said, requires not only the interconnectivity of infrastructure, but also macroeconomic policy coordination, trade liberalization, investment facilitation, and people-to-people exchanges. In this sense, China's Belt and Road Initiative that advocates the principle of achieving shared growth through discussion and collaboration helps promote more inclusive new globalization and is a valuable public product for the international community.

LI Baodong said that the original intention of the BFA was to spur economic globalization and regional cooperation in Asia. Deeper regional cooperation at a higher level will assist Asian countries to achieve their respective development goals. As a rapidly growing economy, Cambodia has the ability and potential to make greater contribution to Asian economic integration and globalization.

Hor Namhong, Cambodian Deputy Prime Minister, said that China is the most intimate and reliable friend of Cambodia. Investments, loans and aids from China have made key contributions to Cambodia's economic and social development. In recent years, Cambodia-China cooperation in various fields has been deepened under the Belt and Road Initiative proposed by China.

In the speech, XIONG Bo, Chinese Ambassador to Cambodia, expressed that Cambodia made important contributions to the establishment and development of the BFA. This conference manifested the BFA's concern and attention to Cambodia. The BFA provides an important platform for Chinese and Cambodian entrepreneurs to foster mutual understanding and promote communication, and also offers important opportunities and a window for the BFA and Chinese economic community to gain an in-depth understanding of Cambodia. 

The Conference was jointly organized by the BFA and the Cambodia Chamber of Commerce. Under the theme of “Seeking Common Development and Win-win: A Joint Endeavor to Bring the China-Cambodia Economic Cooperation and Trade into An New Era”, the two-day conference attracted upwards of more than 100 Government officials, business communities, and academies from such countries as China, Cambodia, Thailand and Japan.

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