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Wednesday, January 18, 2017

CEIBS Vice President and Dean Professor Ding Yuan Attends World Economic Forum

January 17-20, 2017. Davos – CEIBS Vice President and Dean Professor Ding Yuan is among the 3,000 leaders from government, business, and civil society attending The World Economic Forum’s 47th Annual Meeting in Davos, Switzerland this week, where discussions are focused on the theme “Responsive and Responsible Leadership”. Chinese President Xi Jinping opened the meeting with a keynote speech, and led the largest-ever delegation of Chinese officials there since China began participating in the Forum in 1979.

The sessions being held throughout the week are organised around four critical leadership challenges for 2017 – re-shaping global cooperation, revitalising growth, reforming market capitalism and preparing for the Fourth Industrial Revolution. Dean Ding, together with former Deputy Managing Director of the International Monetary Fund Mr. Zhu Min and Chairman of China’s State-owned Assets Supervision and Administration Commission Mr. Xiao Yaqing were among the panellists during a discussion titled “China and the World”. Dean Ding also joined President of China UnionPay Mr. Shi Wenchao in a session titled “China Growth”.

Many international and Chinese media asked Dean Ding to weigh in on some of the economic and business issues being discussed, including Thomson Reuters, Forbes, TimeBloomberg, Swiss TV (watch the video, VPN needs to be set to Switzerland), The Economist Radio (listen on iTunes), Financial Times, Xinhua News Agency, CGTN - the former CCTV International, Phoenix TV, Yicai Global TV, Sina.com, Caixin, and Tencent. His engagement in this prestigious global platform demonstrates CEIBS’ role as a bridge that links China and the rest of the world, and the school’s position as an important source of knowledge in the context of globalisation. Dean Ding was the founding Director of the CEIBS Centre for Globalisation of Chinese Companies.

Globalisation was also front and centre in President Xi’s keynote speech on the opening day. “Some blame economic globalisation for the chaos in the world,” said President Xi. “The international community finds itself in a heated debate on economic globalisation.”  He went on to say that globalisation is not the source of the world’s problems, and that though it brings challenges it also brings opportunities. He urged everyone to think about how countries can work together more closely to minimise the “side effects” of globalisation and take the most advantage of it.

He also spoke about China’s contributions to the world economy. “China’s development is an opportunity for the world; China has not only benefited from economic globalisation but also contributed to it,” he said. “Rapid growth in China has been a sustained, powerful engine for global economic stability and expansion. The inter-connected development of China and a large number of other countries has made the world economy more balanced. China’s remarkable achievement in poverty reduction has contributed to more inclusive global growth. And China’s continuous progress in reform and opening-up has lent much momentum to an open world economy.”

Dean Ding shared the following insights on globalisation with the media at the Davos Forum:

Xinhua News Agency:

“With the rapid growth of China’s economy and its rising status in various international issues, China is playing an increasingly important role on the world stage. This Davos Forum is held at a time when the world sees a rising wave of anti-globalisation and trade protectionism, China’s attitude towards globalisation and free trade will attract everyone’s attention.”

Yicai (watch the video):

Signs of the rising of anti-globalisation can be observed in some countries, the world should stay vigilant against it. China will not remain immune to the wave of anti-globalisation, according to Ding.

CCTV-2 (watch the video):

“China advocates globalisation as a bi-directional way of doing business, which means we leverage our domestic consumer market to improve the living conditions of low-income populations in developed countries. I hope China can play a more active role in the world economy, to contribute more to the latter.”

Sina.com (watch the video):

“Last year’s WEF focused on potential risks that came after China’s slowdown, this year we discuss China’s opportunities…I have the impression that China is becoming even more important than last year. There are two reasons for that: the first is President Xi Jinping’s attendance – he is the most important speaker at this year’s event; second, after Trump’s election and Brexit, business leaders around the world are all looking for the next country to take the leadership role. Their hope is apparently placed in China.”

CEIBS has collaborated with the WEF on numerous events in various locations over the past few years. In January 2012 CEIBS became the first Asian business school to do an IdeasLab session at Winter Davos in Switzerland. CEIBS has also organised programmes at its Shanghai Campus for WEF Fellows & Directors.

CEIBS has been playing an active role in globalisation. In addition to establishing its Zurich Campus in October 2015, the school organised forums in four major European cities in 2016 and regularly organises study tours to Europe that help Chinese entrepreneurs exchange ideas with business leaders on that continent. CEIBS values its role of educating business leaders in line with the globalisation trend, a mission which is also reflected in the school’s ‘China Depth, Global Breadth’ positioning. 

Janine M. Coughlin