London Former deputy mayor: Finance and Trade Center should be promoted

As the former deputy mayor of London, economist Rothi (Johnross) at the 12th International Business Forum held yesterday, "the interaction between financial center and ITC" is the "Stone of the mountains" of Shanghai's "four major centers".　　He suggested that the development of financial centres and trade centers should be mutually advanced. "There is no financial policy, no trade policy, and all policies must be fully integrated." Rothi said that the financial centre had always been with the ITC, and that most of the international financial centres were located in important ports and transportation centres, and that the world's leading international financial centre, from Venice to Amsterdam to London and New York, were important ports.　　However, in the promotion of the two major centres, the relevant policies must be coordinated and echoed. "Shanghai will overtake New York and London, and I am not being polite," he said. But the next thing I said, "changed," will go through a long time.　　"He thinks it's going to be a rough estimate at least 20, but compared to the 300 years in London, 150 years in New York," It's pretty fast. Now, he says, the BRIC countries (Brazil, Russia, India, China) "represents the rise of new economic forces, they are rebuilding the new pattern of international financial markets, but there is no comparable to New York, London, the international financial and Trade Center, the World Financial centre currently only two: London, New York,　　Then there will be a third in Asia, where Shanghai faces competition from cities like Mumbai and Tokyo.　　China is based on the fact that China has made significant achievements in export and has strong financial strength, and that the first task of building an international financial centre for both China and Shanghai is to strengthen its financial resources. But China should strengthen its attraction to international talents and strengthen its position in the International labor market.　　In London, for example, 1 million of financial workers manage the equivalent of Britain's GDP6, which requires enormous control, and Shanghai is now more in the running of domestic assets. Rothi also noted that China remains vulnerable to overseas investment-especially in markets other than energy and raw materials, where foreign investment remains the lowest in several of the world's major countries and is only 2.9% per cent of GDP.　　Therefore, China should build its financial and trade center, and strategically strengthen its exports while vigorously developing overseas investment. In addition, international trade and financial centres such as New York and London are also centres of creative industries. As an international Center city, Shanghai should also vigorously develop creative industries.