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Boao Forum explores Asia’s role as global stabilizer amid turbulence

2026-03-26 14:04   环球时报网英文版

  "China"s role in the global economy is very, very important because of long-term stability, predictability, and the clear direction of its development. This is one reason why China matters so much to Hungary and other European countries - we can count on this partnership going forward."

  "China is trying to have good cooperation with other Asian countries... The stability of China is important for the stability of Asia and the world. China is the stability," Giovanni Tria, former Italian Minister of Economy and Finance, told the Global Times at the forum.

  "The most prominent features of the current world economy can be summarized in two words: fragility and resilience. Resilience is strongly supported by Asia, particularly through the outstanding resilience of the Chinese economy, which has played the role of a stabilizer for the world economy," Xu Xiujun, vice dean of the National Academy of Chinese Modernization at the University of Chinese Academy of Social Sciences, told the Global Times at the forum.

  "China can also drive forward the Asian and global economies. This involves what China is doing now - advancing high-level opening-up to create new growth momentum for Asia and the world. The Hainan FTP is acting as a pioneer, charting new paths for high-level opening-up worldwide," Xu noted.

  Lin Guijun, former vice president of the University of International Business and Economics, told the Global Times on Tuesday at the forum that "In an era of global governance deficits, the vision of a community with a shared future and harmonious development offers a Chinese solution to global governance."

  According to Lin, the term "global governance deficits" refers to the absence of an international organization"s performance of its functions.

  "The BFA itself embodies China"s consistent principle of extensive consultation and joint contribution," said Lin.

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