Update July 2, 2019

Dhaka 7-40 am, 06-August, 2020

PM joins WEF Annual Meeting

Mirajul Moin Joy

More than 1,800 leaders including heads of state and government, business, civil society, academia and the arts across the world gathered here as the World Economic Forum (WEF)’s Annual Meeting of the New Champions 2019 began Tuesday.

“The three-day WEF Annual Meeting of the New Champions 2019”, also known as WEF Summer Davos, is taking place in Chinese city of Dalian from 1-3 July under the theme – “Leadership 4.0 – Succeeding in a New Era of Globalization”.

At the tip of Liaodong Peninsular, Dalian is a trading and financial centre in northeastern Asia and has gained the name ‘Hong Kong of Northern China’.

Chinese premier Li Keqiang inaugurated the meeting at Dalian International Conference Centre here this morning.

Founder and executive chairman of World Economic Forum Klaus Schwab and governor of Liaoning province Tang Yijun also spoke at the function.

Bangladesh prime minister Sheikh Hasina, who arrived here last night on a bilateral official visit to China, attended the inaugural ceremony of the event.

Speaking on the occasion, the Chinese prime minister pledged that his country will continue to focus on economic growth and reforms. “We’ll open up new areas for foreign investors,” he said.

Li Keqiang stressed the need for adopting a comprehensive strategy to keep up growth and reforms.

“We’ll eliminate rules and laws that are inconsistent to the international laws,” he said.

The Chinese prime minister said the manufacturing industries of the country have already been opened up for the foreign investors.

“Now we’re committed to opening up service sector for them,” he said, adding the service sector is growing faster than other sectors.

Li Keqiang said both economy and market have expanded rapidly. “So there is a need for opening up globalisation further and more trade liberalisation,” he said.

Mentioning the slow pace of world trade and investment, the Chinese premier put emphasis on new partnership and inclusive development to overcome this crisis.

He said trade liberalisation and equal benefit are needed to face new global challenges.

At the function, the prime minister exchanged greetings with other leaders who attended the meeting.

The meeting will spur leaders to find new strategic models to adapt to the world’s environmental challenges, regional competition, economic disparities and technological disruption.

The World Economic Forum (WEF), based in Cologny-Geneva, Switzerland, was founded in 1971 as a not-for-profit organization. It was granted “other international body” status in January 2015 by the Swiss Federal Government under the Swiss Host-State Act (International Organization status requires multiple governments.

The WEF’s mission is cited as “committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas”.

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