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What is at the top of your agenda for this year's Annual Meeting?
The issues - my agenda for this year's Annual Meeting in Davos should be the following:
one, what are the chances of the growth pattern of the world economy in
post-crisis scenario;
two, how the changed structure of China's economic growth model will contribute to
the sustainable and healthy growth of the world economy and how the world will
benefit from positive growth of the Chinese companies in overseas market;
three, what are most responsible approaches to tackle the current challenges
faced and… in global economy recovery and the stability
of the world's financial market.
What do you think is the greatest risk
facing the economy in the next 12 months?
The biggest challenge for next year I think is how countries jointly support
each other to achieve marked win situation in the backdrop such… recovery.
Trade protectionism is coming back and marked… disputes on currency rate
and trade barriers are adding many uncertainties in world economic recovery.
Therefore, I call for more collaborative effort to be taken by all major economies
to strengthen cooperation and a dialogue for common interest of world economic
recovery and growth.
Unemployment rates in the developed economies is still very high,
the confidence of the investors and the consumers is still weak, and the risk of
deflation in developed economies still exist while in emerging economies,
we have seen effective measures taken for stimulating domestic demands and exports
but at the same time inflation has become a major concern.
These differences have to result in clear disparities in economic policies of
developed economies and emerging economies in terms of liquidity control,
monetary policy, trade policy, etc. Consequently, we are facing the
co-existence of deflation and inflation as well as an increase of conflicts.
Where do you see the greatest opportunities for China's shipping industry?
According to the UN statistics,
China's economy contributes 50% toward economic growth in year 2009.
It was forecasted by the World Bank that in year 2010 China will account for 25%
of world economic growth. In addition, the release of
implementation of China's 12th five-year plan will allow the country to deepen the
structure change of its economy thus improving the strength and the
sustainability of economic growth.
These in turn provide a very solid external environment for the development
of China's shipping industry. In year 2011, China will adopt pro-active
fiscal policy and a stable monetary policy. China will also continue to
stimulate domestic demand especially consumption demand to optimize its
investments structures and to stabilize its foreign trade growth.
In terms of foreign trade, China's government has clearly stated its policy
trends to further increase imports to improve the structure of FDI and to
encourage the goal strategies of Chinese enterprises. All of these policies will
bring huge opportunities for China's shipping industry.
Apart from that, as the center of the global shipping is moving eastward,
more opportunities will be created in such shipping related service as ship…,
insurance, and legal service. China's overall competitiveness in
shipping will be improved and over time China will transform from a large
shipping nation into a strong shipping nation.
China is one of the largest consumers of energy in the world, yet there is great
pressure to reduce consumption and carbon emissions. What risks or opportunities
does this create for Chinese industries?
The Chinese government attaches great importance to energy conservation
and emission reduction.
…including the design of clear energy-saving target, implementation
and assessment of various energy conservation mechanisms.
China sees the building of resource-saving society as a major task in accelerating
the transformation of economic growth patent which will in turn ensure
the sustainable development of international economy.
Through China's industry development the stress of energy conservation
and emission reduction presents both opportunities and challenges.
On one hand, Chinese business can take direct advantage in reducing emissions
and saving resources.
On the other hand, Chinese industrial enterprises can take indirect advantage
through management and technology innovation for energy saving and to
maintain it's edge in future global competition on a long term basis.