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The 1st BFA Global Economic Development and Security Forum with the theme of “Economic Security and Sustainable Development in the Context of Profound Changes” will be held in Changsha, the capital of Hunan province, from October 18th to 20th.

The Orange Isle in Changsha

The Global Economic Development and Security Forum is the third global thematic forum launched by Boao Forum for Asia, following the Global Health Forum and the International Science, Technology, and Innovation Forum. The forum has been launched from the perspective of economic development and security, which has been widely recognized as the first such forum internationally.

Changsha, a central city, has stood out from the major cities in China and gained favor with the Boao Forum for Asia. How does Changsha make it?

Changsha, a sleepless city, has been applauded for its exceptional strong consumption capacity

The Task of the Three Highlands and Four New Missions Strategy and New Positioning

The COVID-19 epidemic imposed unprecedented pressure on global economic and social development in 2020. However, with its relentless efforts and flexible strategies, Changsha has achieved a remarkable performance with its economic aggregate up to 1.21 trillion yuan, ranking sixth among China’s provincial capitals and second in the central area of China.

Based on the solid industrial foundation, Changsha has shaped up hundred-billion-level industrial clusters encompassing engineering machinery, electronic information, biomedicine, automobiles and parts, food and cultural tourism. It has emerged as the only city in China in which 4 of the world’s top 50 engineering machinery providers locate.

Changsha is the only city in China in which 4 of the world’s top 50 engineering machinery providers locate.

Changsha has been forging ahead at the full stretch in the growth of emerging industries. Smart products such as self-driving taxis and smart bus services have been put into operation at the foot of Yuelu Mountain in Changsha. On Malan Mountain resides Hunan Satellite TV which has gained popularity nationally, been top of the league in the industry, and rapidly emerged as a new landmark of media integration with remarkable global competitiveness. Moreover, mobile Internet, intelligent networked vehicles, and other emerging industries have gradually gained momentum in their new edge, which provides strong support for high-quality urban development.

The reporter was informed that Changsha was honored as one of the top cities with the most investment appeal and top 10 China’s most satisfied cities by foreign investors after its continuous efforts to make it more business-friendly. The city has maintained its ranking within the top 10 according to the assessment results of the urban business climate in China for the past consecutive years.

In terms of high-quality economic development, Changsha is strong enough to take the lead and possesses the considerable potential for long-term growth, which has much in common with the current status of Asia in the world economy. In the forum, the intended strategy for economic security and sustainable development share the essence of the urban government’s concerns, purposes, and efforts.

Excellent coordination between economic security and development is a key factor for the creation of marvels: rapid economic growth and sustainable social stability. In recent years, the Hunan government has fully put the new development philosophy, actively focusing on the creation of a new development pattern, well-balanced advance in epidemic prevention and control and economic development, and fights against poverty, pollution, and risks. With the sustained efforts, Hunan has appeared to be a pioneer to cure all thousands of COVID-19 cases in its boundary and kept its record of zero new cases for 13 months.

The Three Highlands and Four New Missions Strategy is now rational guidance to the strategic and overall decision making. Zheng Jianxi, Mayor of Changsha announced that the forum theme is highly consistent with the national strategic requirements for a good balance between development and security, which brings about an exciting opportunity for Changsha. He was looking forward to asking for the maximum release of the benefit of the forum, which promises to empower Changsha to put into practice the Three Highlands and Four New Missions Strategy for Changsha and to promote high-quality development.

“We have absolute confidence and tremendous strength to make the forum impressive and distinctive.” Qiu Aihua, the Deputy Director of the Office of Foreign and Overseas Chinese Affairs Commission of Hunan Provincial CPC Committee, said, and she declared that the Hunan government is striving to build a national highland for key and advanced manufacturing and highland of technological innovation with distinctive core competence, a substantial effort to modernize the province. The forum will be sure to bring an exciting opportunity for all participants to expand exchanges and cooperation with Hunan province and gain the mutual benefit for a better future, which adds fresh impetus to Hunan’s coordination between economic development and the promotion of high-quality provincial development.

The promotion meeting of the 1st BFA Global Economic Development and Security Forum was held in Changsha
(the photo was provided by the Organizing Committee)

Innovative Capability Fits the Direction of the Forum

The Boao Forum for Asia refers to an international economic forum that originated from Asia but adopts an international approach. Its birth by itself, an innovation, is designed to provide an eternal mission of change and innovation and act as an inexhaustible driving force.

As China continues to deepen its reform and opening up to the outside world, the Boao Forum for Asia has explored a great number of issues, ranging from economy to politics, from response to crises to the pursuit of cooperation, from regional integration to the search for an Asian community with a shared future and a community with a shared future for mankind. With its continuous efforts to pursue innovation, the forum has achieved numerous valuable consensus and approaches.
The world today is undergoing profound transformation unseen in a century. It is witnessing dramatic transformations in the international structure and pattern, the global governance system, and international power dynamics. The world is accelerating the shift of the economic center of gravity eastward, coupled with a new round of revolution in scientific and industrial fields reshaping the world. In response to the transitions, it is essential to further improve global governance with the adapted ideologies, evolved rules, and new forces for a better image.

“In the context of complex situation featuring an increasing amount of great amount of uncertainties, risks, and challenges, entrepreneurs shall be obliged to bravely take on due responsibility with an overall thinking and a long-term vision to rationally handle arising issues, turning them into opportunities and keeping their businesses built to last.” Li Baodong, the Secretary-General of the Boao Forum for Asia, said, and he held that the Global Economic Development and Security Forum is served as a platform for high-level dialogue for political, business, and academic leaders in Asia and around the world, especially business leaders, to contribute Asian wisdom and proposals to economic growth and security in this era.

The Boao Forum for Asia, which focuses on economic development, is actively expanding into technological innovation, economic security, and other fields. Such a move is in line with the innovative measure adopted in Changsha.

The reporter learned that Changsha, during the period of the 13th Five-Year Plan, was awarded a total of 74 National Science and Technology Awards, ranking among the best across the country. Among them, 21 awards were granted in 2020, accounting for 7.4% nationally and 71% provincially. Among the high-tech industries, advanced manufacturing and automation, new materials, electronic information, and biology and new medicine have evolved into hundreds of billions of grades.

Changsha is the only city in China in which 4 of the world’s top 50 engineering machinery providers locate

Nationally, Changsha ranks at the forefront of scientific research output. At present, Changsha boasts nearly 1,500 sci-tech innovation and R&D platforms and national development platforms such as Changzhutang Self-dependent Innovation Demonstration Area, Xiangjiang New Area and Free Trade Zone. The amount of universities, scientific research institutes and academicians in Changsha ranks among the top nationwide. Specifically, there are more than 50 universities, over 700,000 college students, nearly 100 independent scientific research institutions, and more than 60 academicians (including visiting academicians) of the Chinese Academy of Engineering and the Chinese Academy of Sciences.

In a word, Changsha is pooling high-end scientific research talents together and boasts exceptional strong initial innovation capabilities. Together with innovation platforms such as Xiangjiang New Area, the Changzhutang Self-dependent Innovation Demonstration Area, and the National New Generation Artificial Intelligence Innovation and Development Pilot Zone, the city has emerged as a national innovation-driven demonstration city, ranking 8th among the national innovative cities.

Liu Yongbing, the Deputy Mayor of the Changsha Municipal People’s Government, remarked that the GEDS Forum brings a great opportunity to demonstrate the achievements of Changsha, and the forum’s decision to explore solutions to economic security and sustainable development in Changsha is highly compatible with the Changsha’s implementation of the Three Highlands and Four New Missions Strategy and its goal of promoting high-quality economic development.”

Open development matches with national strategic requirements

Changsha, a city located in the deep inland, has always deeply borne the ideology of open development at its core and made steady progress. The host has formed three-dimensional transportation that integrates water, land, and air delivery, coupled with river-sea combined transportation. Furthermore, its international route network has been continuously improved.

With its full connection with the European Union, the United States, and ASEAN, Changsha has taken shape a direct international freight network and emerged as a nationwide comprehensive transportation hub with its superior location of high-speed rail intersection, the connection of its transportation in all forms to the route of the Belt and Road Initiative, and its traffic running through the North and South and radiating towards all directions.

Since the approval of the Hunan Pilot Free Trade Zone, Changsha has further grabbed major opportunities to boldly explore and experiment for the acceleration of open development.

“We have remained committed to the strategy of opening up and rising and concentration on the creation of a market-oriented, legalized, and international business environment. Now we have established business relationships with over 200 countries and regions and 101 international sister cities.” Qiu said. The accelerating role of the trade zone to the urban development and the coming operation of a four-hour expressway transport circle has expanded Changsha’s presence around the globe.

The practice of opening up has enabled the host to stand out in the national growth and become an essential hub of connecting the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Economic Belt. In addition, national strategies brought major benefits to Changsha, including the operation of a comprehensive supporting reform pilot zone for resource-conserving and environment-friendly society, two-oriented society, One Belt One Zone (the “transition belt” of the eastern coastal areas and central and middle and western regions, and the “joint zone” of Yangtze River Open Economic Zone and coastal open economic belt), the Yangtze River Economic Belt, the Changsha area of ​​the Hunan Free Trade Zone, and the Changsha-Zhuzhou-Xiangtan Metropolitan Area. Wherein, the Changsha-Zhuzhou-Xiangtan Metropolitan Area has been positioned by the state as a national significant growth pole.

Such strategy requires a world-oriented, international-hub-based, and an inclusive insight to map out the future.” The BFA Global Economic Development and Security Forum will be held in Changsha, which is highly compatible with the strategic requirements for Changsha and the country to coordinate development and security and advance the practice of opening up. Liu held that we have good reason to believe that the high-standard and high-level international event will also set a new springboard for Changsha to further push forward the urban operation of opening-up. In this Forum, the intended strategy for economic security and sustainable development share the essence of Changsha’s concerns, purposes and efforts.

This article is transferred from (Reported by Bai Zuxie and Tang Xiaoqing)

Pictures (except pictures with signature): shot by Yang Huafeng

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