CHINA’S ROLE IN GLOBAL DEVELOPMENT
Mr Wong also highlighted the “critical role” China has as the world explores new forms of cooperation. The country has prioritised science, technology and innovation, and sits at the forefront of key emerging areas such as digital and green technologies.
“China is therefore well positioned not just to participate in the next wave of technological change, but to shape and lead it,” said Mr Wong.
China’s expanding influence in the creative and digital economies is also seen in the growing global interest in Chinese culture and innovation, including films, music and games, consumer brands and digital platforms, he added.
He said China has contributed to global development through platforms such as the Asian Infrastructure Investment Bank and the Belt and Road Initiative, and has taken steps to assume greater responsibilities in the international system. This includes voluntarily relinquishing certain World Trade Organization developing-country benefits, and standing ready to shoulder obligations commensurate with its level of development.
GLOBAL STABILITY UNDER STRAIN
Mr Wong also addressed the broader strains on the global order, saying the foundations that sustained decades of stability are now under severe pressure. He cited the wars in Ukraine and the Middle East as examples with real consequences for all countries – driving up food and energy prices, disrupting supply chains and raising the risk of a global economic slowdown.
