Asia's response to global challenges
"An Uncertain World: Solidarity and Cooperation for Development amid Challenges" was the theme of this year's Boao Forum for Asia (BFA), Asia's most influential economic forum, founded in 2001 and held every year since then, from 28 to 31 March.
The Economics of Geography

Asia's response to global challenges

Photo: AFP/CNSPhoto/Luo Yunfei
Eurasia 16/05/2023 06:00

"An Uncertain World: Solidarity and Cooperation for Development amid Challenges" was the theme of this year's Boao Forum for Asia (BFA), Asia's most influential economic forum, founded in 2001 and held every year since then, from 28 to 31 March.

Hosted in the Chinese city of Bo'ao on the island of Hainan, the event brings together the world's economic elite and is ranked on par with the World Economic Forum in Davos.

More than one hundred and sixty speakers from around the world have come to the Forum to seek common solutions to the challenges of a global environment defined by successive economic shocks.

In his opening speech, Chinese Premier Li Qiang stressed that the dynamism and momentum of China's economic growth are strong. He said his country will introduce new measures to boost domestic consumption and increase market access for foreign enterprises while ensuring the stability of the financial sector.

György Matolcsy, Governor of the Magyar Nemzeti Bank (Hungary's central bank), also participated in two round-table discussions and held talks at the forum with Yi Gang, Governor of the Chinese Central Bank, Chen Huaiyu, Vice Governor of Hainan Province, and Zhou Xiaochuan, Vice Chairman of the BFA.
Cooperation with the Eurasia Forum
The Boao Forum has maintained good relations with the Magyar Nemzeti Bank in recent years. Zhou Xiaochuan was awarded the MNB's Lámfalussy Award in 2018 - as the Chinese central bank's governor -, and spoke at the 2020 Eurasia Forum. The BFA is also a supporter of the Eurasia Forum, and the two organisations have developed a close cooperation.

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