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Boao Forum for Asia 2023 kicks off in China’s Hainan province

China is hosting the Boao Forum for Asia Annual Conference 2023 from March 27 to 30 in Boao, Hainan province, with the theme of “A World in Change: Join Hands to Strengthen Global Governance and Advance Belt and Road Cooperation”.

The Boao Forum for Asia (BFA) is a non-profit organization that hosts high-level forums for leaders from government, business and academia in Asia and other continents to share their vision on the most pressing issues in this region and the world at large.

The BFA was initiated by 25 Asian countries and Australia in 1998 and formally inaugurated in 2001. It is modeled on the World Economic Forum held annually in Davos, Switzerland. Its fixed address is in Boao, Hainan province, China, although the Secretariat is based in Beijing.

The forum, sometimes known as the “Asian Davos”, covers topics such as economics, integration, cooperation, society and the environment. The BFA also sponsors other forums and meetings related to Asian issues throughout the year.

The BFA Annual Conference 2023 is a highly anticipated event that brings together over 2,000 participants from various fields to exchange ideas and collaborate on critical issues affecting the Asian region and the world.

The significance of the conference has been heightened in the post-pandemic era, as countries need to join forces to address the global challenges that have arisen from the crisis.

The conference emphasizes development and inclusiveness, efficiency and security, regional and global cooperation, and discussions on the present and future.

Development and inclusiveness are crucial in ensuring that the benefits of economic growth are shared by all members of society. As the world recovers from the pandemic, it is essential to prioritize sustainable development and reduce inequalities, both within and between countries.

The conference will explore strategies to foster inclusive growth, provide equal opportunities, and promote social cohesion in a rapidly changing world.

Efficiency and security are key factors in enhancing resilience and competitiveness in the face of uncertainties and risks. The conference will examine ways to improve governance, innovation, digitalization, and green transformation in various sectors and industries.

The conference will also address issues such as public health, food security, energy security, and cyber security.

Regional and global cooperation are at the core of the BFA Annual Conference. The COVID-19 pandemic truly underscored the interconnectivity of the world, revealing how global challenges can transcend borders and affect nations indiscriminately.

As countries navigate the complexities of the post-pandemic era, international cooperation has become increasingly vital to address pressing issues such as climate change and economic recovery.

As the world becomes increasingly interconnected, nations must work together to address shared challenges and seize opportunities for mutual benefit.

The conference will highlight China’s role and contribution in promoting regional cooperation and global governance. It will also showcase China’s openness and attractiveness for foreign investment and trade.

One of the main topics of the conference is the Belt and Road Initiative (BRI), China’s ambitious plan to connect Asia with Europe and Africa through infrastructure projects and economic corridors.

The BRI aims to enhance connectivity, cooperation, and development among participating countries. The conference will discuss how to advance BRI cooperation under the principles of extensive consultation, joint contribution, and shared benefits.

The conference will also feature dialogues with leaders from various regions and organisations, such as ASEAN, Africa, Latin America, Europe, SCO, BRICS, APEC, G20, WTO, IMF, World Bank, AIIB, etc.

The BFA Annual Conference 2023 is expected to produce fruitful outcomes and recommendations for enhancing regional cooperation and global governance in the post-pandemic era. It will also demonstrate China’s commitment to building a community with a shared future for mankind.

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