Bloomberg teams up with Chinese Think Tank CCIEE to launch ‘WEF-alternative’ New Economy Forum in Beijing

Bloomberg teams up with Chinese Think Tank CCIEE to launch ‘WEF-alternative’ New Economy Forum in Beijing

By TCM Web Desk

Business, financial advisory and news leaderBloomberg has ideated New Economy Forum which will be held from November 6 to 8, this year, in Beijing. A Chinese thinktank China Center for International Economic Exchanges is the promoter and co-host of this high-level geo-economical conference. 

The multilateral conclave will assemble the world leaders to find out the solutions of various challenges faced by the economies of the world. This dialogue will hosta conversation about the shifts in the global economy and the risks and opportunities created by a world in transition that is increasingly led by China and India, as well as the countries in Africa, the Middle East and Latin America.

In addition to former UN Secretary-General Ban Ki-moonandBill Gates, the forum has associated personalities likeChen Deming, Former Chinese Minister of Commerce, Raghuram Rajan, Former Governor of Reserve Bank of India, Condoleezza Rice, Former U.S. Secretary of State and National Security Advisor. Fronted by Michael R. Bloomberg, the founder of Bloomberg LP and Bloomberg Philanthropies, and Three-Term Mayor of New York City, the forum will bring together a group of 400 world and business leaders and experts. Former U.S. Secretary of State and National Security AdvisorDr. Henry A. Kissinger, Henry M. Paulson, Jr. and Zeng Peiyan, Former Vice Premier of the State Council, PRC, and Chairman of CCIEE are in the advisory committee.

The advisory committee also includes Kevin Rudd, Former Prime Minister of Australia and Robert Zoellick, Former World Bank President.

“Designed as an institution for a new era, the New Economy Forum builds on the success of Bloomberg’s inaugural Global Business Forum held last Fall, which convened more than 300 world leaders in New York City on the occasion of the 72nd United Nations General Assembl,” reads a release accessed by our editors.

With the participation of leading global corporations like Microsoft, Hyundai, HSBC, Mastercard and SoftBank, the forum will create a huge impact across the economies of the world.

While speaking on this, John Flint, Group Chief Executive of HSBC, commented, “HSBC is delighted to join Mike Bloomberg and the other founding partners at the first New Economy Forum in Beijing,” said . “As the world’s leading trade bank and the leading international bank in Greater China and Asia, our role has always been to connect customers to opportunities, enable businesses and individuals to thrive and economies to prosper. Dialogue is required to help resolve the challenges confronting the global economy and business must play its part and join this important conversation.”

“One of the fundamental challenges in the world today is for China and the United States to understand the direction in which the other is going, and to make this compatible with each other’s objectives,” stated Dr. Henry Kissinger.

“An understanding between China and the United States can provide a framework of peace and progress, whereas a failure of that relationship will divide the world. That’s one of the reasons I’m supporting my good friend Mike Bloomberg in this effort to create a forum to talk to each other in a way that will bring our different interests in harmony with one another,” he Kissinger added.

Raising his support, Dangote Industries President and CEO Aliko Dangote expressed,”I am happy to join Mike Bloomberg as a founding partner of the New Economy Forum. China and other Asian markets are the future for our business.”

“This forum will bring business and governments from across the globe together to discuss how we shape and navigate the next global economic era,” said Darren W. Woods, chairman and chief executive officer of ExxonMobil.

The forum will attemptto produce actionable solutions to important global issues.

It is expected that the delegates will address the biggest problems like climate change, inequality, sluggish economic growth and reveal possible solutions. Setting themes on trade and investment, technology, urbanization, climate change, capital markets and inclusion, the multilateral conclave will dawn a new economic era and set itself a mandatory stop for the leaders.

“The current dynamic global economy is challenging and impacts everyone. We are at adecisive point in history and we have the opportunity to create a new, strong economic era and a brighter future for all mankind. I look forward to joining global industry leaders in China, a nation becoming the center of economic reform, to discuss how we ensure sustainable and long lasting future prosperity,” said Euisun Chung, Vice Chairman of Hyundai Motor Company.

[Inputs: Ayanangsha Maitra]

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