Hangzhou will be hosting the 11th World Chinese Economic
Forum (WCEF) from December 11 to 12, it was announced at
a Press Conference in Beijing this Friday. Hon.Leung
Chun-ying,vice-chairman of the National Committee of the
Chinese People's Political Consultative Conference.
Under the theme "Realising the
Vision of Shared Development for a Better World," this
year's WCEF will focus on the development of global
trade in the digital era, the opportunities provided by
the Belt & Road Initiative (BRI), as well as the impact
of advanced technologies, notably 5G, in promoting
Some 1,000 delegates from various
business sectors and government institutions from 28
countries around the world will attend the forum,
shedding light on issues such as business integrity, BRI
and global trade, the future of media in a digital
world, new technologies, and the long-term partnership
between China and ASEAN.
Cheah Chyuan Yong, Founder and
Chairman of the International Strategy Institute (ISI),
spoke at the press conference on the role China will
play in the 11th WCEF.
"The WCEF is meant to bring China
closer with not only overseas Chinese but also BRI
nations for business and investment opportunities. So,
the focal point of this event must be in China, this is
the new direction for the next 10 years. WCEF Roundtables will also be
organised in different cities around the world in order
to engage more overseas Chinese"Cheah said. He also
explained the advantage of having the forum in Hangzhou,
saying that "Hangzhou is where small ideas actually
become big and go global. This inspires us and we want
to use this to explore more possibilities at the forum"
In regard to the further
development of economic globalisation and China's new
round of opening-up, Wu Meng, Director General of the
Bilateral Cooperation Department of the China Chamber of
International Commerce (CCOIC), noted the remarkable
opportunities facing overseas Chinese. "The CCOIC and the China Council
for the Promotion of International Trade (CCPIT) will
spare no effort to support overseas Chinese, encouraging
their participation in international economic and trade
We will work to promote the
high-quality development of economic globalisation,
contributing our part to China's opening-up as well as
the implementation of the BRI."Wu added. The forum this
year will be co-hosted by the ISI and CCPIT and
organised by CCOIC.
Mr.Willam Wu and WCEF Chairman Mr.Cheach Chyan Yong
First held in 2009 by the Asian Strategy & Leadership
Institute, WCEF aims to promote communication between
East and West and encourage business activities and
cooperation among overseas Chinese. William Wu Yitian,
managing director, from TOKO Group Ltd as VIP invited to
attend the forum.
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