Wealth China: Beijing Fortune Global Forum · A Feast of Ideas

Author: China Daily
Publisher:
Publish Date: 2005-07-01
Features: The World Economic Forum "visited China three times"; 27 government officials, 76 CEOs of Fortune Global 500 companies, and 847 Chinese and foreign guests; guiding through the maze of wealth, discussing China's century; the only Chinese edition of the forum's proceedings, with much content revealed for the first time. Exclusive authorization from Fortune magazine; providing authoritative, authentic, and on-site first-hand materials; the largest wealth forum to date, unprecedented in scale; bringing you closer to the real World Economic Forum.
If we do not want to become a nation with only a body but no mind, we must enhance our innovation capabilities. The economy ensures our today, technology ensures our tomorrow, and only education can secure our future.
Vice Chairman of the Standing Committee of the National People's Congress, Cheng Siwei: Wealth does not refer only to money or economic strength but should be a value. Friendship is also wealth, and culture is also wealth. The communication between nations and ethnic groups is based on cultural exchange. Once cultural exchange occurs, wealth can be exchanged.
Director-General of the State Council Information Office, Zhao Qizheng: A better exchange rate mechanism, along with some reforms in this regard, will boost the confidence of domestic and international investors, which is good for the capital market.
Governor of the People's Bank of China, Zhou Xiaochuan: Many American chambers of commerce and unions strongly believe that China's trade deficit is due to the undervaluation of the renminbi, but I think this is purely political. American politicians do not believe in globalization principles, so they say "no" to the global economy.
Chief Economist of Morgan Stanley, Stephen Roche: Retaining and nurturing talent is as important as talent recruitment. Local and multinational companies operating in China should regard the "cultivate-use-communicate" model as the top priority in human resource management.
CEO of Deloitte, Whitaker: For China, improving the efficiency of commodity and energy use is very important. China's energy efficiency is three times lower than that of the United States. While China signs various resource supply agreements globally, it should also adopt new technological means to enhance efficiency.
President and CEO of the U.S. Chamber of Commerce, Thomas Donohue: The Beijing World Economic Forum was held from May 16 to 18, 2005, with the theme "China and the New Asian Century." It was the third time the World Economic Forum had visited China, following Shanghai and Hong Kong. Chinese President Hu Jintao attended the opening ceremony of the Beijing World Economic Forum and delivered an important speech. The forum was organized by the U.S. Time Warner Group, co-hosted by the State Council Information Office of China and the Beijing Municipal Government, with the participation of over 200 Chinese government officials, scholars, and entrepreneurs. The forum was held at the Beijing Wangfujing Hotel and the International Club.
Founded in 1995 by Fortune magazine, which is part of the U.S. Time Warner Group, the World Economic Forum is organized by invitation only, with attendees limited to chairmen, CEOs, and senior executives of major multinational companies. The first eight forums were held in Singapore, Budapest, Bangkok, Paris, Washington, D.C., Shanghai, and Hong Kong.