Int’l scholars call for inclusive economic globalization at Shanghai forum

SHANGHAI, Nov. 9 (Xinhua) — International scholars and specialists from various fields gathered in Shanghai on Thursday to share their insights on China’s rise, calling for orderly multipolarization and inclusive economic globalization.
More than 140 Chinese and foreign guests at the China Economic and Social Forum had in-depth exchanges, particularly discussing how to view China’s rise.
“Following China’s admission to the World Trade Organization, many in the West believed that China would become not just like the West, but also an exploitable country. Instead, China has remained resolutely on a path of socialism with Chinese characteristics, and with economic success,” said Guppy Daryl James, former president of the Australia China Business Council.
He said that the Global South sees China as a model of economic development that stands in contrast to the hegemonic and exploitative relationships that have limited growth and entrenched poverty.
Harley Seyedin, chairman and president of the American Chamber of Commerce in South China, called China’s economic rise “one of the most remarkable stories of the 21st century,” saying much of that success can be contributed to its policy of opening up to the world, including engaging with the United States and other global economies.
Mark Logan, former member of the House of Commons of the United Kingdom, delivered his speech in Chinese at the meeting. He said that China has made rapid progress on innovation, for example in the manufacturing of electric vehicles. The ongoing China International Import Expo (CIIE) in Shanghai and China’s initiative to the Asian Development Bank show the country’s commitment to shared prosperity.
The participants agreed that China’s development path provides a model for other countries. China has also demonstrated its responsibility as a major country in the world to promote global public welfare. ■