Former US Secretary of State Henry Kissinger emphasized the importance of China-US relations in shaping the world order during his online speech at the 2023 Bund Summit in Shanghai. Kissinger, a renowned diplomat and statesman, highlighted the key role that cooperation between China and the United States plays in stabilizing world peace and maintaining global order.
In his address, Kissinger acknowledged the complex nature of the China-US relationship, particularly with China’s deep integration into the global economy. He expressed concerns about the risk of decoupling between the two nations, emphasizing that such an outcome would be detrimental to both countries and lead to a decline in living standards.
To avoid decoupling, Kissinger emphasized the need for communication, understanding, and learning between China and the United States. By working together and exchanging insights, the two nations can not only improve their relationship but also benefit the entire world.
The Bund Summit, a prestigious global financial gathering, commenced in Shanghai with the participation of around 700 financial leaders. The three-day event brings together policymakers, executives, and academic leaders from across the globe to discuss critical issues such as global macro policies, supply chain evolution, and artificial intelligence.
Deliberations also encompass topics like green development, international finance, and financial technology, addressing the pressing challenges of geopolitical tensions and economic uncertainties. The release of the 2023 Bund Green Finance Report on China coincided with the summit, aiming to facilitate the country’s green transformation and address climate-related financial risks.
Jean-Claude Trichet, former president of the European Central Bank, highlighted the criticality of the summit, considering the multitude of acute challenges faced by the international community. Trichet expressed confidence in the productivity of the Bund Summit, which fosters new trends and fruitful dialogues.
The summit serves as a vital platform for global exchanges and supports further financial reform, opening up opportunities, and advancing Shanghai as an international financial hub. Tu Guangshao, executive chairman of the Bund Summit organizing committee, emphasized the significance of dialogue, cooperation, and consensus in addressing shared tasks and goals amidst global economic challenges and changes.
The 2023 Bund Summit demonstrates a commitment to cross-border exchange and dialogue, creating avenues for the gathering of ideas and expertise. With its focus on promoting deeper financial reform and facilitating Shanghai’s growth as a global financial center, the summit plays a crucial role in navigating the complexities of the contemporary world.
