CCIEE's Bi Jingquan Addresses 2021 Bloomberg New Economy Forum

The transcript discusses the 4th New Economy Forum, highlighting global challenges such as the pandemic, protectionism, and unilateralism. It emphasizes China's economic recovery, with significant GDP and trade growth, despite facing pressures like pandemic resurgence and rising commodity prices. The Chinese government prioritizes innovation, encouraging inventions and intellectual property protection. The pharmaceutical industry in China has seen rapid growth, supported by stock exchanges. The transcript concludes by highlighting the importance of innovation in seizing new opportunities and leading future economic development.

What are some of the global challenges mentioned in the first section?

• Overpopulation and urbanization

• Pandemic, protectionism, and supply chain disruptions

• Climate change and deforestation

• Cybersecurity threats and data privacy

How did China manage to recover from the pandemic according to the first section?

• By adopting pandemic control measures and resuming normal life and production

• Through strict lockdowns without any economic activity

• By relying solely on international aid

• By closing its borders completely

What is emphasized as a major strategy for economic development in the second section?

• Agriculture

• Tourism

• Innovation

• Military expansion

Which industry in China has seen significant growth due to innovation, as mentioned in the third section?

• Automobile industry

• Pharmaceutical industry

• Textile industry

• Construction industry

What role does innovation play in the global context according to the third section?

• It is irrelevant in the face of traditional industries

• It plays a crucial role in addressing global challenges and opportunities

• It is only important for developed countries

• It is a minor aspect of economic development