The 9th Hongqiao International Economic Forum Calls for Global Multilateralism
The 9th Hongqiao International Economic Forum recently concluded in Shanghai, serving as a pivotal platform for global leaders and economists to discuss the future of international trade. A central theme of this year’s gathering was the urgent call to uphold multilateralism and advance an economic globalization model that is both inclusive and beneficial to all nations.
During the forum, participants emphasized that in an increasingly fragmented global economy, cooperation remains the most effective tool for sustainable growth. Experts and policymakers highlighted the necessity of aligning the unique strengths of various countries with the evolving demands of the Chinese market. This sentiment was underscored by the release of the ‘Export China Capability Development Report,’ which explores how China can better integrate its industrial capacities with global supply chains to foster mutual development.
Economic experts, including Nobel laureate Christopher Pissarides, provided a positive outlook on the current trajectory of the Chinese economy. Pissarides noted that despite global headwinds, China is making significant strides in the right direction, focusing on structural reforms and high-quality growth. This optimistic assessment was further supported by the release of the ‘2026 World Trade Report’ in Chinese, which provides a comprehensive analysis of trade patterns and the challenges facing the global commercial landscape.
Another highlight of the forum was the publication of the ‘World Openness Report 2026.’ The report indicates that China’s relative ranking in terms of economic openness has continued to rise, even amidst a challenging international environment. This trend suggests that China remains committed to its policy of opening up, aiming to create a more transparent and predictable business environment for foreign investors and trading partners alike. By focusing on openness and inclusivity, the forum participants argued that the international community can better navigate the complexities of modern trade, ensuring that the benefits of globalization are shared more equitably across borders.
Sources: East Money
Aggregated summary. Original: 东方财富