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How to advance global economic cooperation in the post-epidemic era

The global spread of COVID-19 has caused a major impact on human economy and society. The global economy has declined, the financial market has fluctuated wildly, and the gap between the rich and the poor among economies has further widened.Promoting a coordinated global response to COVID-19 and its economic and social impact has become a priority for countries.

So, in the context of the global economic recovery, what are the key points that participants are focusing on?And how to promote economic cooperation between countries in a more equitable, inclusive and mutually beneficial way?

Global economic cooperation 'inevitable trend'

Tu Guangshao, chairman of Shanghai New Financial Research Institute, pointed out that in recent years, various reasons have caused the development of globalization to face changes, and the key to deal with these situations is to form a consensus, which requires global joint efforts to constantly open up economic cooperation and promote a new bureau of economic growth and social development.

Tu Guangshao stressed that global economic cooperation, especially investment cooperation, is an "irresistible trend".Although global trade and investment have been hindered by protectionism and extremism in recent years, the trend of global economic cooperation, especially investment cooperation, is unstoppable and will continue to advance in general, as it serves the common interests of all countries and regions in the world.

Jean Tirole, Honorary President of the Toulouse School of Economics, also further emphasized the importance of multilateralism. In the future, it is not a question of whether globalization is possible or not. What matters most is how to respond to new changes and seize relevant opportunities."You have to do it with vaccines, you have to do it with climate change.In addition, we need to have a reasonable price on carbon and be greener."

Ren Deqi, chairman of the Bank of Communications, pointed out that in the global landscape of the epidemic, there is great space for deepening cooperation between China and France, and there may be new changes in the areas and modes of cooperation.

As a matter of fact, although the epidemic last year hindered personnel exchanges between China and France, the latest statistics show that the actual economic and trade exchanges between the two countries are very bright.

"We believe this is an important window period or strategic opportunity to build a new pattern of cooperation between the two sides."Rendeqi further pointed out that "to make good use of this period of strategic opportunity, we still need to adhere to the principle of openness and mutual benefit, and seek, build and enhance the strengths of both sides. This puts forward new and higher requirements for deepening cooperation and innovation in the financial sector and promoting opening-up and win-win cooperation between the two sides."


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