Themes for Split Tracks
The Forum will address the challenges of the global geopolitical landscape. Globally and regionally, there is growing re-group and convergence of the economic blocs to circumvent the geopolitical challenges such as protectionism and maintain economic sustainability. All the economic blocs will play a critical part in maximising the economic benefits by synergising resources and activities among the member states within the bloc. Similarly, for China, there is a growing clustering of the economic zones into super economic clusters to drive the next phase of economic activities such as Guangdong Hong Kong Macau Greater Bay Area. With Greater Bay Area as a special focus, how can new super economic clusters maintain long-term sustainability through new business models, financial tools, technology innovation and technopreneurial drive? Will new super-cluster bring real economic values to China?
With the overview and Greater Bay Area in mind, the chosen topics below will further drive discussions. All the insights at the discussions will help Singapore and China drive towards the future sustainable growth with highlights on regional models, examples and solutions:
Economic and financial sustainability
- With the global and regional economic slowdown and uncertainties, it has been challenging for countries to sustain economic growth through financial tools, blended finance and impact investment.
- With China’s rising international influence and the promotion of East Asian Economic Community, China has increased its involvement in the East Asian regional economic cooperation to enhance global competitiveness. China is rapidly becoming the predominant power in Asia Pacific and is starting to challenge the role of both the United States and Japan in the region. The questions are: How does China sustain economic growth despite global and domestic challenges? Will China's increasing importance in the region make ASEAN countries more prosperous, more stable, and more equitable?
- With the ongoing financial reform, China is utilising its financial tools to help SOEs and Chinese companies to transform and adapt to a model that will allow its economy to grow. How can Singapore companies capture the opportunities and harness its competitive advantages as the regional financial hub?
Sustainable Green Economy
- Environmental and social sustainability is increasingly important for China and the rest of the region, including Singapore. Green financing, green economy and green technology with social impact can be another economic driver for most economies especially emerging market like China. More government incentives have been put in place to encourage green and innovative initiatives to achieve “beautiful China”.
- Given Singapore’s expertise in the energy , water and smart city arena fully backed by green financing solutions, it is well-positioned for the next phase of growth by riding on the green investments with social impact. These experiences and insights can be shared and new solutions can be harnessed towards new economic boosts.
- How can Singapore and China collaborate in water and energy projects (e.g. solar, nuclear or other renewables) with the support of green financing? How can this collaboration extend to other countries for the benefits of social goods?
Innovative and Technological Sustainability
- Sustainable growth also depends on innovation that is only possible through technological breakthroughs. There is an urgent need for countries and cities to harness innovation to make cities more liveable and sustainable by becoming “intelligent”. Digital platforms can now provide a powerful aid for decision making, urban planning, zone clustering and environmental projects.
- In the next decade, China will continue to leapfrog to next phase of economic development through technology, be it 5G with IoT and Big Data or AI and VR to Blockchain. How does technology translate to new economic growth for China?
- How can Singapore and China collaborate and leverage on technology to enable the next phase of sustainable growth especially in the area of energy and water efficiency, smart city with mobility (such as electronic vehicles), smart logistics and transport (such as next generation high-speed rail) as well as smart commercial flow for super economic cluster?