Theme for FCGF
“Sustainable Development in a Dynamic World Order
The global economy, including the fast emerging economic superpower, China, is working towards sustainable growth. For China, its rapid economic ascendance has brought on many challenges, including high social inequality, rapid urbanization, demographic and environmental challenges. While US has been staying away from global climate and economic issues, China has been joining the global powers in advocating sustainable growth with increasing concerns on the environment.
In the last two years, China has been slowly moving away from annual growth targets, but gradually focusing on high-quality sustainable growth over the long term. The Chinese government understands the more pressing issues for the country are sustainable growth, ensuring a wider segment of the society shares in economic gains and that growth is not derived at the expense of the environment and the less privileged.
Chinese President, Mr Xi Jinping, outlined a two-stage goal – to become a top innovative nation by 2035 and a global leader in comprehensive national strength and international influence by 2050. Mr Xi hopes to fully meet the air quality targets by 2035. This new direction will allow China to shift to a comprehensive economic growth towards a sustainable future with reduced reliance on the debt-fueled investment. The focus will be on the overall effectiveness and quality of sustainable growth.
Singapore, with years of experience in driving sustainable inclusive growth without compromising on the environment and the socially deprived, has been a learning model for China all these years. In Asia, Singapore, after Japan and Korea, has modeled the best practices from the west and Japan before morphing into a model unique to support Singapore’s long-term sustainable growth.
“Sustainable Development in a Dynamic World Order (共商全球新格局，推动可持续发展 - 亚洲前瞻：顺风扬帆？风口浪尖？) is the theme for FutureChina Global Forum 2019. This theme will address the critical question surrounding China and most of the regional countries - maintaining sustainable growth for the countries economically, environmentally and technologically amidst the global geopolitical complexities. Regional experiences can be drawn, best models can be explored, and innovative solutions can be deployed for the future sustainable growth for China, Singapore and the world. In this context, it is worthwhile to explore how Singapore can capture the next wave of sustainable growth, together with China, in such a highly competitive and challenging geopolitical world without neglecting the social responsibility.