About the Summit's agenda
2017 WORLD ECONOMIC OUTLOOK
Since the beginning of 2016, the International Monetary Fund (IMF) has cut the global GDP forecast multiple times and reached an 8-year low point of 3.1% towards year end. In the light of this, China has set its GDP target growth between 6.5% to 7.0%, while according to State Information Center’s latest estimation, China has achieved an annual GDP growth of 6.7%. In 2016, although China has solid performance in aggregate economic growth and success in “Supply-side Structural Reform”, it is still facing enormous challenges both within the country and from the outside.
The Clash Between Chinese and Western Education
The rising tide of studying abroad in China leads to an increase in popularity of International Education. As the overseas student body expands, “Chinese Overseas Students” has evolved from individuals to a huge collective group. In 2015, the total number of overseas students increased above 500,000, 34% of them being UK students. Meanwhile, China has the largest number of overseas students in United States, United Kingdom, Australia, Canada and many other countries.
The Impact of Global Events on China
Global issues are becoming increasingly complicated and fragmented. The advancement in technology, global warming, financial crisis, terrorism, refugee crisis, and cross-border crime are threatening the existing international framework.
Just as Antonio Guterres, the new UN secretary-general, underlined in his New Year’s speech that the suffering of the vulnerable people, in particular the refugees and those in conflict zones, troubles him the most when he starts his tenure. “The war will have no winners, only peace can bring about dignity, hope, progress and prosperity that humans long for,” said Guterres, who urged citizens, governments and leaders of all countries to work together toward the common goal of resolving conflicts and making 2017 a year of peace.
The Chinese Economy Going Global
With the ongoing trend of integration of global economy, global market competition has moved passed the stage of product differentiation into inter-brand competition. Whether a country owns a world recognised brand is becoming a crucial criterion for a country’s economic power and global competitive edge.