This year's conference runs from April 8 to 11 in Boao, a town in the southern Chinese island province of Hainan. Asian regional economic integration shifted to center on China in , based on previous arduous efforts and strong support from other Asian countries, according to a report on Asian competitiveness released by the Boao Forum for Asia BFA on Sunday. Asian economic integration challenged by anti-globalization sentiment:
The world will pay special attention to President Xi Jinping when he addresses his speech to almost 2, politicians, and business, media leaders and scholars from across the world at the annual Boao Forum for Asia in South China's Hainan province on Tuesday amid the escalating Beijing-Washington trade dispute. The AEC is forcing its 10 member states to compete for foreign investors. Afghanistan is one of a number of Asian Economic Integration still struggling with conflict. From Davos to Boao, globalization needs boost at defining moment.
He said the Asian economies should spare no efforts to take advantage of the opportunity to move collectively toward creating a world-class integrated local financial market throughout determined reforms. The region's trade self-reliance continued to decline in , with the dependency index dropping to US President Donald Trump added a new twist to the trade dispute on Sunday by seemingly softening his stance and tweeting: Against anti-globalization wave, China champions greater economic integration in East Asia. Such large-scale projects involve long-term vision and cross-regional cooperation. Japan was the only major economic power in the region. China remains ninth in terms of comprehensive competitiveness among 37 Asian economies in , while its economic vitality is in a leading position in Asia, said the report.
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Asian countries' trade interdependence is still seeing a declining trend amid rising global trade protectionism and uncertainties in the global value chain," Lin said at the forum. Boao Forum to offer world an Asian vision for shared prosperity. Although there were some good signs for Asia's trade performance in , globalization -- the most important driver of Asia's economic integration -- faces unprecedented challenges, the report showed. Supporters of the AEC hope more citizens across the region will think like Anh and embrace the European Union-style project.
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But Dung said his country could become a hub for maritime transport because of its long coastline and strategic position between Southeast and north Asia. This pattern of capital flow would expose Asian economies to high risks of capital flight and higher cost of financing. In his first visit to India, Nepal's prime minister focused on the economy rather than thorny political issues. For these businesses, AEC advocates have a message:
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