Inclusive growth, sharing of wealth

The Boao Forum for Asia has gone through more than 10 years of history. Over the past decade, the Boao Forum for Asia has become one of the most influential forums in the world. In the future, what test and Challenge will the Boao Forum for Asia face in promoting regional cooperation and enhancing Asia's global influence? CCTV and the Boao Forum for Asia Three of the two bosses have a dialogue. How to look at the "inclusive growth" of the European debt crisis, high unemployment in developed countries, rising inflation in developing countries and fluctuations in commodity prices are likely to create a new and significant impact on the global financial system.　　In Asia, where the fastest annual growth rate can reach 11%, the slowest may be only 0.8%, how can the idea of inclusive growth put forward by the Boao Forum this year truly manifest itself?　　Zhou, Secretary General of Boao Forum for Asia, said that "inclusive growth" is mainly to increase the wealth of society, can benefit the whole society, especially the vulnerable groups in society, can also be shared, the whole society to share the accumulation of wealth. Former Treasury secretary of the United States, Mr Paulson, director of the Boao Forum for Asia, said that "inclusive growth" for China needs to be more inclusive of economic growth, more able to benefit people's livelihood, raise wages, and gradually loosen interest rates to open up the capital market, so that the return of Chinese depositors from bank deposits,　　Higher than the inflation rate, providing more powerful protection for Chinese citizens in terms of health care and pensions. The biggest challenge for China's development when it comes to the biggest challenges facing China's development, Paulson said China is a miracle of economic development, but it is hard to imagine China as the world's second-largest economy with a per capita GDP of around 100. "In my view, China's challenge is how to grasp the pace of reform and how to match the pace of reform with the development of the economy."　　Zhou said that reform must be based on national conditions to determine its speed and range. Almadi, chief executive of Sabic, a director of the Boao Forum for Asia, said China needed to change its way of economic development, not just to provide basic products, but to produce high-value-added products and services and diversify its products. Chongqing Morning News and CCTV "dialogue" column cooperation report