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Jin Xin, Chinese Council for BRICS Think Tank Cooperation: Economic globalization is irreversible

author:Beijing News

On the morning of September 7, at the 2021 BRICS New Industrial Revolution Partnership Forum held in Xiamen, Jin Xin, secretary general of the BRICS Think Tank Cooperation Chinese Council, pointed out in his speech that economic globalization is irreversible and is also a necessary external condition for maintaining the stability and smoothness of the industrial chain and supply chain, and the international community should uphold the concept of openness and inclusiveness, advocate the construction of an open economy, maintain the multilateral trading system with the WTO as the core, and promote trade and investment liberalization and facilitation.

Jin Xin, Chinese Council for BRICS Think Tank Cooperation: Economic globalization is irreversible

Jin Xin (Photo by Promise)

Jin Xin said that as representatives of emerging market countries, BRICS countries should strengthen macroeconomic policy coordination and give priority to promoting the implementation of the cross-border movement facilitation initiative for people and goods. Under the framework of the United Nations Group of 20, we will maintain collaboration to ensure the stability of the global industrial chain and supply chain, and set an example for economic recovery.

Jin Xin pointed out that in addition, it is also necessary to strengthen the docking of industrial development policies and build a small cycle from the internal regional cycle of the BRICS countries to the global economic cycle. The smooth industrial chain between countries and regions is an important part of the stability and smoothness of the global industrial chain and supply chain, and the BRICS countries should give full play to their respective comparative advantages, strengthen the division of labor and cooperation between the upstream and downstream of different industries, promote the formation of a global industrial chain BRICS industrial chain layout, and create a BRICS block cycle.

Jin Xin also pointed out that it is necessary to strengthen scientific and technological innovation cooperation between countries and achieve great development and leapfrog in the reshaping of the global industrial chain and supply chain. Scientific and technological innovation is the fundamental driving force of industrial development, but also the variable of the global industrial chain, the BRICS countries should combine the new generation of technology to overcome difficulties, the adjustment period of the open industrial chain, and the transformation period of China's industrial chain, enhance the status of scientific and technological innovation in BRICS cooperation, and help the BRICS countries climb upstream in the value chain.

Beijing News shell financial reporter Xu Promised editor Song Yuting proofread Chen Diyan

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