Boao Forum sets tone for multilateralism over protectionism
博鳌论坛为多边主义定下了基调,而非保护主义
The high-profile Boao Forum for Asia (BFA) in South China’s Hainan Province, an island at the forefront of the country’s reform and opening-up, has blazed a trail for a Chinese-innovated model of cooperation that provides a much-needed silver lining for the protectionism-haunted world economy, according to global leaders and business executives who support multilateralism.
The forum, the largest in-person gathering so far this year, apparently sets itself apart from other events like the Group of Seven (G7) which has barriers to wide participation, observers said. The multilateralism-centric conference seems to have convinced foreign businesses to explore an even deeper footprint in the Chinese market.