92 2014 博 鳌 亚 洲论 坛 How Do Enterprises Go Global? 会议摘要Synopsis this growth. On the other hand, however, there are still still are however, there hand, other the On growth. this to greatly have contributed companies its as position aunique in is develop and to efforts its in success Xin Zhang Guobao Zhang Mark Suzman Weihua Ma Chuanzhi Liu Kraus Margery Speakers XIANG Bing Moderator Over the past 30 years, has seen great great seen has China 30 years, past the Over , SOHO China, CEO CEO , SOHO China, , Wing Lung Bank, Chairman Bank, Lung , Wing , Founding Dean, Cheung Kong Graduate School of School Business Graduate Kong Cheung Dean, , Founding , Holdings, Chairman Holdings, , Lenovo , Bill & Melinda Gates Foundation, President Foundation, Gates &Melinda , Bill , National Energy Committee, Advisory Board Chairman Board Advisory Committee, Energy , National , APCO, CEO and Founder and CEO , APCO, that an understanding and sharing of core values is values of core sharing and understanding an that globally. expanding begin to looking firms Chinese facing challenges many Mr , Chairman of Lenovo, stated of Lenovo,stated Chairman Liu Chuanzhi, Mr He wanted to stress that global perceptions should shift shift should perceptions global that stress to wanted He globally. mining and agriculture as such areas other include to now shifting are investments Chinese that added Commission, Energy National the for Board Ltd. Bank Lung Wing of Chairman Weihua, Mr. Ma to according customs and cultures different of understanding of lack a of because for US$1.9 IPO billion. successful highly its 2007, launch why able in to it was reasons main of one the was world. This the around cultures to conform to processes for its order in understanding and edge international an needed inevitably company her that stated China, SOHO of CEO Xin, Zhang expansion. global successful of component key a being as cited generally was intricacies cultural different team. develop anew him Liu helped Mr and the financial crisis, they took on as CEO during trouble in was Lenovo globally. When growing to and team effective an of building part essential an Mr Zhang Guobao, Chairman of the Advisory Advisory of the Chairman Guobao, Zhang Mr M&A’s 70% of fail China around fact, actually In and of international understanding in-depth An thinking organisation. thinking aglobally become must they company; a globalised become to order in that recognise and pride nationalistic put aside sometimes must companies Chinese scene, and livework. firms where communities and businesses around opinion public create who parties third are These “stakebrokers”. as described she what on focused insights with discussion the to added of APCO, Kraus Margary initiatives, social these on agriculture. and healthcare including fields multiple in expertise their leveraging and organisations charitable with partnering in advantages enormous now seeing are companies pivot, Chinese this to Due charities. with working on focus their in shift a to led has globally, which expanding already were companies Chinese that point the highlighted Foundation Gates globalisation. Chinese fostering of countries international to benefits the highlight to Overall, ultimately to be successful on the global global the on successful be to ultimately Overall, more focus to beginning companies Chinese With Melinda & Bill the of President Suzman, Mark

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93 2014 94 2014 博鳌亚洲论坛 ZHANG Yaqing GAO Jifan Zuo Qi Zhang Wu Zhi CHEN ZHANG Weiying 2 Session Leo MELAMED DGIBB Gregory Yves-Louis DARRICARRERE von WEIZSACKER Ulrich Ernst PHELPS Edmund 1 Session Panellists: Zuliu HU Fred Moderator Entrepreneurship and Innovation Economists: from Questions 会议摘要 Synopsis , Chariman& CEO, Trina Solar, Ltd. CEO, Trina , Chariman& , Vice Secretary General, Global Cooperation Forum Cooperation Global General, , Vice Secretary , Chairman, Primavera Capital Group Capital Primavera , Chairman, , Professor of Finance, Yale of Finance, of, Professor School Management , Corporate Vice President, Microsoft VicePresident, , Corporate , Chairman Emeritus, Chicago Mercantile Exchange Mercantile Chicago Emeritus, , Chairman , Chairman & CEO, Shanghai Lujiazui International Finance Assets Trading Marketing Co. Ltd Marketing Trading Assets Finance International Lujiazui &CEO, Shanghai , Chairman , Professor of Economics, Peking of Economics, , Professor , Nobel Prize Laureate (2006) Laureate , Nobel Prize , Executive Vice President, TOTAL VicePresident, , Executive , co-President, the Club of Club Rome the , co-President, neutral or negative? or neutral positive, this Is strategy? development and pathway innovation have entrepreneurs' on announced measures will impacts what for reform, blueprint encouraging an us given has Committee Central the of Session Plenary Third the that Given entrepreneurship? promote to abolished be should procedures approval and of review kind What process? approval and review the minimize it to is How important for innovation? create government the should environment of kind What innovation. environment? the to degradation minimize and change climate mitigate can which model growth any there is And failure? of fear the it is Or resources? of lack the it Is level? institutional the on it Is obstacles? major the are What innovation. in capability their enhance should China, including economies, Asian that consensus in are ones, Western the especially economists, Many innovation. in capability China's improve to how on focused session first The sessions. separate For over a thousand years, the Chinese have Chinese the years, For over a thousand facilitate how on to focused session second The two into panelists the spilt Hu Fred Moderator reforms in policy and industries. industries. and policy in reforms be should there growth, have asustainable to order In policy. current the under companies uncompetitive and non-innovative to given are subsidies that situations the explained Panellists environment. making policy predictable and transparent afair, by creating promoted be can which innovation, encouraging role in leading play a must government that out pointed panellists market. the in success rewards and management, property intellectual enhances ideas, new on take to willingness encourages chance, a take to freedom the provides that China in aclimate be to needs there this to Further models. business mobile new supported and expanded have rapidly Alibaba and Tencent as such Companies fast. it very do can correct, something do that Companies countries. western in that exceeds companies of innovative proportion the that and innovation, at strong extremely is China that believes Gibbs Gregory ice-cream. even and gunpowder paper, as such life, our have transformed which items invented In the second session, Mr. Zhang Yaqin and other other and Yaqin Zhang Mr. session, second the In

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95 2014 96 2014 博鳌亚洲论坛 Chris LU Chris Moderators Sector? Private Deregulation: it Means What for the Roundtable Sector Private 会议摘要 Synopsis LI Zibin LI HAN Wei JIANG Xipei ZHANG Yue leaders Discussion Zibin LI Yujun BAO Keynote speakers XIE Jennifer a poll was also conducted to collect participants' participants' collect to conducted also was a poll discussion, the During opportunities. new the with cope should enterprises private how and markets China the of deregulation the on views their discussed and experience their shared schools, of business head and officials, government industries, various covering enterprises Over 40 participants, including CEOs of private private of CEOs including participants, 40 Over , President, China Association of SMEs Association China , President, of SMEs Association China , President, , Senior Partner, Deloitte China Deloitte Partner, , Senior , Vice President, Peking University Peking , Vice President, , Chairman, China Private Sector Association Sector Private China , Chairman, , National Managing Partner of Government Relations and Public Affairs, Deloitte China China Deloitte Affairs, Public and Relations of Government Partner Managing , National , Chairman & President, BROAD Group &President, , Chairman , Chairman, Far East Holding Far East , Chairman, role in the allocation of resources and in the pricing of pricing the in and of resources allocation the role in "decisive" a play will government, the not market, the that indicated it clearly as development positive a is Congress Party 18th the of Session Plenary 3rd deregulation. market the with along challenges and opportunities the on opinions Roundtable participants shared the view that the the that view the shared participants Roundtable state-owned banks. Secondly, increase competition competition increase Secondly, banks. state-owned from loans obtain able to are they that so enterprises private of position market improve and mind-set change Firstly, enterprises. private for conditions financing the improve to suggestions some gave University, Peking of President Vice Wei, Han Mr. burden. taxation heavy and cost labor rising include also challenges financial Other enterprise. private for issue major a still is cost enterprise. of private rights the protect and marketplace fair a build to needed is framework legal comprehensive more a goal, this To subsidies. reach government or policies preferable clear. entirely made been not have rules implementation the as sectors newly opened the in investing for attitude see" and "wait a have still owners business however, private being, For time the rights. pricing monopoly enjoyed have and dominated have SOEs where areas all are These communications. and power, transportation electric gas, and oil water, Limited access to capital and higher financing financing higher and capital to access Limited than rather treatment fair need enterprises Private enterprises. private for most challenge biggest the still is adoption and development, technology in talents sophisticated sufficiently of lack the to pointed nevertheless innovation for challenges the on discussions However, model. cooperation and management development, product in of ideas new application the be can it also technology, about just not is Innovation competitors. their from themselves differentiate to key the is return. attractive with opportunities business new provide may biotechnology, and internet, mobile care, senior as such sectors, Emerging profitability. their improve to need enterprises private Thirdly, reform. market financial the accelerate will investment, equity private and bond corporate to relation in especially market, of development capital and rate of interest Liberalization rules. same the under market the in play to banks foreign and banks private allowing by banks among Roundtable participants agreed that innovation innovation that agreed participants Roundtable

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97 2014 98 2014 博鳌亚洲论坛 the smog of Q4 2013. of smog Q4 the in resulted has which consumption, of coal tons billion 3 from year past the in dioxide of carbon tons billion 8 emitted has and coal of consumer largest world's the is China Science, of Academy Chinese Academic, Administration, Meterology China Chairman, Former Mr. QIN, to According growth. economic and living social health, for human issue pressing increasingly an become has by coal, caused gas of greenhouse worse. getting it is and happening, is change climate statement: undeniable an now, and facing we are climate in change the have studied of schools thoughts various from scientists few decades, past the Over factors. other among interventions human and sun the by influenced are parts five These biosphere. the and surface land the cryosphere, the hydrosphere, the atmosphere, the parts: yet interactive separate, of five consists ZHANG Yue von WEIZSACKER Ulrich Ernest Dahe QIN PIQUEMAL Thomas of PERSSON Ol Panelists RUI Chenggang GROFF Stephen Co-Moderators Change Climate on Findings New 会议摘要 Synopsis Global climate change, mainly due to the emission emission the to due mainly change, climate Global of weather, concept the from different Climate, , Former Chairman, China Meterology Administration, Academic, Chinese Academy of Science Academy Chinese Academic, Administration, Meterology China Chairman, , Former , Chairman & President, BROAD Group: leading AC companies in China. China. in AC companies BROAD leading Group: &President, , Chairman , Director & Anchor, Central China &Anchor, , Director , President &CEO, Volvo, President Group , Vice President, Asian Development Bank Development Asian , Vice President, , CFO, EDF , co-President, the Club of Club Rome the , co-President, control over short-term economic growth". economic over short-term control climate prioritize to policymakers for urgency of lack a seemingly is there effect, along-term has change climate because Also, jurisdictions. between responsibilities and of roles ambiguity the increases locally, which controlled and monitored be to however, change, needs climate problem, global a "As control. climate of promotion the regarding frustration the explains discussion, exist. still results over economic challenge priority the and treatment, for urgency the makers, policy among jurisdiction of system. transportation public electric well-designed the via "smarter" travel to citizens allow to proud is now PERSSON Mr. Volvo's CEO selection, fuel and engines car in innovation Through energy. of renewable exploration the have started RUI Chenggang, the co-monitor for the panel for the co-monitor the RUI Chenggang, ambiguity the as such complications However, sector private the in pioneers many Fortunately,

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99 2014 100 2014 博鳌亚洲论坛 The future of JV's in the auto industry auto the ofJV'sin The future ROSENBERG Joachim Dong Changzheng Suixin Zhang Yongtu LONG Panelists Ming YUAN WANG Qiufeng Moderator Industry China's Auto Reshaping 会议摘要 Synopsis after its inception. China still lacks a powerful domestic domestic powerful a lacks still China inception. its after years 20 relevant still is limitation how this discussed panel The company. Chinese domestic a with JV a 50/50 establish companies automotive foreign all that Since 1994, the Chinese government has required required has government Chinese the 1994, Since , Host, Guizhou Radio and Television and Radio Guizhou , Host, , External Vice President, VolkswagenGroup Vice President, , External , Former Vice Minister, Ministry of Foreign Trade and Economic Cooperation Economic and of Trade Foreign Ministry Vice Minister, , Former , Auto Director, Tencent , Executive Vice General Manager, Toyota Manager, Group ViceGeneral , Executive , Executive Vice President, Volvo VicePresident, Group , Executive by directing attention on specific home-grown brands brands home-grown specific on attention by directing focus diffusing versus label China" in "Made overall the develop. to industry local for the opportunity good a as serve to continue JV's technology. mature lacks industry manufacturing domestic Moreover, the brand. LONG Yongtu advocated in favour of promoting promoting of favour in advocated Yongtu LONG international brand, with a focus on commercial trucks. trucks. commercial on afocus with brand, international an become to DFC help Volvowill rather, but China, into brand aforeign bring not will venture The industry. the in JVs for cooperation of forms the revolutionize will Rosenberg, Joachim to according cooperation, new This Dongfeng. partner, China of its favour in split 55/45equity a to agreed Volvohas completion, politicalised. be not should industry auto the and vehicles China in made use should Government The future of automotive industry technology industry ofautomotive The future development of electric vehicles and alternative fuels. fuels. alternative and vehicles of electric development transaction. card credit phone a mobile through payment accept and destination, their to them deliver automatically car have the car, nearby a find to GPS use to people allow which rentals, car include solutions Other . in congestion gridlock the as such problems, help solve to societal used be can Technology changes. socio-economic about bring can Taking it one step further, in a recent deal near near deal recent a in further, step one it Taking The future of the industry also includes further further includes also industry of the future The industry automobile the how into looked panel The will drive our industry going forward." going industry our drive will what it is together, you them put gigabytes…if and green cars. of hybrid development further the promote to changes policy possible for looking is industry The technology. havehybrid but excluded vehicles electric on focused of pollution. cause a therefore and coal-generated primarily is electricity China’s that given of electricity use the on concerns raised Zhang However,Suixin vehicle. the of life the for survive will cell fuel the and car, a gas as distance same go the able to be will year, next for release scheduled car electric new their Toyota that from Dong promised big Changzheng leap. a sudden, as not process, gradual a as vehicle development electric viewed panel The Joachim Rosenberg emphasized the 3Gs, "global, 3Gs, the emphasized Rosenberg Joachim have China in policies that concluded panel The

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101 2014 102 2014 博鳌亚洲论坛 Corporations such as Kering, EDF, and Unilever have Unilever and EDF, Kering, as such Corporations of resources. integration the through sector private the to benefit significant of been has EU years, the over however, region, of the unity political the achieve to built Initially Europe. in states member 28 of union XIANG Bing TRESCHOW Michael PIQUEMAL Thomas PINAULT François-Henri Jose Manuel GONZALEZ-PARAMO MCCORMACK James Lord MANDELSON CHARLES Bernard Panelists Jean-Pierre RAFFARIN Moderator 2014 Agenda Reform EU 会议摘要 Synopsis The European Union is an economic and political political and economic an is Union European The , Founding Dean, Cheung Kong Graduate School of School Business Graduate Kong Cheung Dean, , Founding , CEO, Dassault System , CEO, Dassault , Former Secretary of State for Business, Innovation & Skills, UK &Skills, Innovation for Business, of State Secretary , Former , CFO, EDF , Chairman, Unilever , Chairman, , Global Head of Sovereign & Supranational Ratings, Fitch Ratings Ratings, &Supranational of Sovereign Head , Global , Former Prime Minister, France Minister, Prime , Former , CEO and Chairman of the Board of Directors, Kering of Directors, Board of the Chairman and , CEO , Executive Board Director, BBVA Director, Board , Executive international expansion of corporations, the EU still still EU the corporations, of expansion international 2006. since services of movement free the and 1999 since goods and capital, resources, of human integration continuous and movement free the from considerably benefited Although the integration of the EU helps the helps EU the of integration the Although a double-edged sword to the EU's slowly recovering recovering slowly EU's the to sword double-edged a as served rate inflation low The factor. risk another as saturation economic BBVA sees from PARAMO level. debt reduce to rate growth of low period a lengthy would be there that is consensus the problem, debt solve to the solution effective no is there While sector. public the to slowly migrating been has and high remains also sector level private for the debt Moreover, the experiencing. are countries European most that ratio, debt or leverage, high the regarding audience the with worries his shared MCCORMACK, James Ratings, Supranational and Sovereign of Head scale. aglobal on advantage competitive lowers ultimately which Europe, across available resources the all utilize efficiently to companies for hard it making processes, decision-making and scheme own its has country each as for growth barriers real the are laws Tax labor and India. and China as such countries developing with competitive more be to order in rights customer promote and jurisdictions across transparency enhance to integrate further to needs Besides the high debt ratio, GONZALEZ- ratio, debt high the Besides Global Fitch Ratings' discussion, panel the During acquisitions. and for mergers existed opportunities potential many as specifically. market digital policy, the and energy cooperation, fiscal system, banking the in integration, EU of favour in opinion public persuade to need they EU, the of capabilities and assets full the exploit to want stakeholders political If public. the among integration for consensus the recreating and reinvigorating role, leadership the on take to need governments opportunities, growth seek and integration further facilitate to order in that agreed all panel The growth. sustainable a long-term, generate to transformation cultural and investment, science, politics, from growth. foster to rate inflation low the leverage to EU the for challenging be it will future, the in Thus, innovation. and expansion strong with associated not often is it as outlook growth weak a presents also it hand, other the on economy; the flooding from liquidity much too prevents and door the of out cash" "hot keep it helps hand, one the on economy: The panel also welcomed China to invest in Europe Europe in invest to China welcomed also panel The efforts more requires outlook growth future The

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103 2014 104 2014 博鳌亚洲论坛 of Quantitative Easing (QE), the program of massive massive of program the (QE), Easing Quantitative of “tapering” or back scaling the and policy monetary around revolved It valuations. market stock and employment, growth, business and policy government of intersection the explored year coming the over U.S. WANG Boming ROUBINI Nouriel Evelyn deROSTHSCHILD GUTIERREZ Carlos Panelists ENGLE Stephen Moderator 2014 Economy U.S. 会议摘要 Synopsis This discussion of economic conditions in the in conditions of economic discussion This

, Editor-in-Chief, Caijing , Editor-in-Chief, , Reporter, Bloomberg Television Bloomberg Reporter, , , Professor, Stern School of Business, New York of School University Business, Stern , Professor, , Chairman, Albright Stonebridge Group; Former Secretary, U.S. Department of Commerce U.S. Department Secretary, Former Group; Stonebridge Albright , Chairman, , Chairman, E.L. Rothschild E.L. , Chairman, and the U.S. economy. the and China in of developments interaction dynamic the upon touched also inevitably Discussion economy. U.S. the into liquidity injected and rates interest down held has that instruments financial other and securities, backed mortgage- bills, of treasury purchases Reserve Federal and immigration reform, Mr. Gutierrez said he would he said Mr. Gutierrez reform, immigration and revolution, shale the election, 2016presidential the of importance the to pointing to addition In now? from sustainable. is believes, he growth, percent Seven hasn’t. it but collapsing, China about fretted always has west The Wang countered that a hard landing is unlikely China. in Mr. economies. Russian and Brazilian, Indonesian, shaky already from flight capital induce will west the in rates interest rising whether and landing” “hard a have will China whether risks: other noted Dr.Roubini slowly. rise may rates suggesting market), stock its simply not is economy nation’s(a trouble in still are Europe U.S.and the of parts many but term, long the to geared not is ofEngland, Bank Fedand U.S. the of invention an QE, that noted Rothschild de Sir issues. domestic pressing other from distracting is which countries, their in inflation driving and returns higher chasing liquidity excess see they because tapering want Where will the U.S. economy be two to three years years three to two be economy U.S. the will Where hikes, rate interest of pace the to addition In markets emerging and China that noted Wang Mr. especially outside major cities. cities. major outside especially China, in solar and IT, to materials, gas and oil shale from ranging answers with opportunities, investment market. stock the exit will money rise, rates interest and deepens better; its P/Edo may EU ratios The prices. share areboosted have not buybacks as high. stock But, in dollars as billion tapering600 and valuations with pace kept not has growth Revenue unsustainable. probably are ratios P/E and margins profit high historically shifted. has debate enrolled, million 7 with ifeels, Roubin Dr. while 2016elections, 2014and in issue major a be will rollout “Obamacare”) (ACAor Act Care Affordable botched the believes He years. three to two in shape good pretty in be should U.S. the economy happen, things these If administration. Carter of the alegacy exports, gas natural on lifted ban the see to like also would He government. of size the on cap a and reform entitlement the see to like Finally, panellists were asked where they saw they where asked were panellists Finally, today’s that agreed panellists markets, stock for As

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105 2014 106 2014 博鳌亚洲论坛 work with good local partners to help them understand understand them help to partners local good with work to need companies foreign that suggested Corporation, today. leaders business and climate business the affecting of issues range awide discussed counterparts Systems of, CEO Dassault Charles Bernard Mandelson Peter Lord BroadbentRichard Hands Guy Grimstone Gerry CEOs Global Guodi Wu Wenyin Wang Weihua Ma Chuanzhi Liu Yujun BAO Guangchang Guo CEOs Chinese Enterprises Global and Chinese for Solutions Win-win 会议摘要 Synopsis Mr. Liu Chuanzhi, Chairman of Holdings Legend of Chairman Chuanzhi, Liu Mr. global their and CEOs China format, adebate Using , Chairman of the board & Secretary of the Party, China International Energy Sources Group Co., Ltd. Group Sources Energy International China Party, of the &Secretary board of the , Chairman , Chairman, Terra Firma , Chairman, , Chairman, Wing Lung Bank, Limited Bank, Lung Wing , Chairman, , Chairman, All-China Private Enterprise Federation Enterprise Private All-China , Chairman, , Chairman, Legend Holdings Corporation Holdings Legend , Chairman, , Chairman, Amer International Group International Amer , Chairman, , Chairman, Standard life Standard , Chairman, , Chairman, Fosun Group Fosun , Chairman, , Chairman, Tesco , Chairman, , Former Secretary of State for Business, Innovation & Skills, UK, &Skills, Innovation for Business, of State Secretary , Former that the establishment of a good relationship does not does relationship of agood establishment the that note to important was it However, officials. government relevant the with relationships good establishing work on effectively can who staff Chinese local experienced with department, relations apublic up set also can they Additionally, environment. and culture local the industry is quite challenging, especially with the higher higher the with especially challenging, quite is industry of quo China’s manufacturing status the that commented Group, of Fosun Chairman Guangchang, Mr. Guo needed. are debate strong in engage can who directors independent high-qualified finally, and of abusiness centre the at be should company a of board the Second, him/her. protect to place in be should regulation effective and person important most essential to put the customer it is First, business. in felt he universal which were first. The customer truths is some highlighted the also company. Mr. Grimstone of the interest best the in act to them pushes which performance, its on heavily depends reputation personal company, oftheir development the the to connected financially not are directors independent although that structure. best the to as debate was there although essential was governance corporate that agreed it was Overall topic. this on West China and the between difference the specifically and governance officials. to abribe giving mean The final topic is about China economic reform. reform. economic China about is topic final The Life stated of Standard Chairman Grimstone, Gerry corporate on focused discussion next The the facts, culture and outcomes. and culture facts, the all understand to need they as decision the making after it. owned have who already those alot to mean it will and reason for a atrophy it is that realise it should asset, atrophy to attracted is firm Chinese a if Thirdly, along. comes that asset first the embrace simply not do Secondly, so. doing Europe. in business apotential acquire to wanting suggested rules, specifically for Chinese businesses four stressed also Mandelson West, Lord the or China far. so effectively out carried have been not Committee 11thCentral the of Session Plenary Third the in made decisions the that stated and government central by the made of policies enforceability the robust. remain economy help the will urbanization as such policies that believes he and government, central the of leadership the in confidence strong has he However, of labour. cost and of capital, cost of energy, price Finally, he stressed that firms do their homework their do firms that stressed he Finally, are others because simply invest Firstly, to not either in business conducting about point final a On about however, pessimistic more was Mr. Chen,

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107 2014 108 2014 博鳌亚洲论坛 liberalization of RMB. of RMB. liberalization for further called and initiatives new some discussed also panelists The . and China between flow Guobao ZHANG VAILEMark Weihua MA KELLY Gail FORREST Andrew Yongji DUAN Huiquan CAO Leaders Discussion WANG Boming Moderator Friendships Multinationalsof to Build Sovereign SBLFThe -Key Strategies 会议摘要 Synopsis China and Australia are highly complementary complementary highly are Australia and China investment and trade on focused was panel This , Chairman, Wing Lung Bank Ltd., Former Executive Director, President and CEO, China Merchants Banks Merchants CEO, China and President Director, Executive Former Ltd., Bank Lung Wing , Chairman, , CEO, Westpac , Chairman, Whitehaven Coal, Former Deputy Prime Minister of Australia of Australia Minister Prime Deputy Former Coal, Whitehaven , Chairman, , Chairman, Stone Group Stone , Chairman, , Chairman, Hua Ling Group Limited, Group Ling Hua , Chairman, , Editor-in-Chief, Caijing , Editor-in-Chief, , Chairman, the Advisory Board, National Energy Commission Energy National Board, Advisory the , Chairman, , Chairman of Fortescue Metals Group Limited, Chairman of Minderoo Group of Minderoo Chairman Limited, Group Metals of Fortescue , Chairman agriculture and finance industries were extensively were industries finance and agriculture food, in cooperation and Collaboration resources. natural of Australian export and consumables Chinese of import the beyond nations two of the relationship the deepen to potential great is There resources. in shared the same view and elaborated on the correlating correlating the on elaborated and view same the shared Banks, Merchants China of CEO and President former and Bank Lung Wing of Chairman Weihua, Ma Mr. settlement. RMB offshore conduct to Sydney in platform the use to them for easier it make can hub this because China, from buying are who Australia in corporations for important It especially is Australia. and China between trade encourage to hub RMB a as Sydney up China. and Australia between relationship the in elements important very two are agriculture and investment that added Australia of Minister Prime Deputy Vaile,former Mark partnership. agriculture year 100 Sino-Australian a establish to looking are they market, the has China and products the has Australia Since consumer. great a is China whereas cost, efficient at food for purchasing country awonderful is Australia that of mentioned FMG, Chairman Forrest, Andrew session. the during discussed Gail Kelly, CEO of Westpac, called for setting setting for called Westpac, of CEO Kelly, Gail and high-cost investment. investment. high-cost and high-risks in result may work preparation insufficient or partner business wrong the as important is process the in firm consulting good a hiring that agreed widely also It was benefits. mutual to lead eventually will countries two between respect mutual that highlighted and partner local of his support the with China in business a up set he howof example an Vailegave Mark culture. and regulations country’s of the understanding sufficient a have not do Australia in investments failed with companies most that observed Commission Energy National of board advisory the Chairman, Guobao, Zhang Australia. in investing enterprises settlement currency. a as RMB use to willing would be companies more use, for China to back remitted be to RMB outbound allow could of money. China If re-entry the allowing as such centre, RMB offshore an setup to needed policies Panelists shared their lessons learned for Chinese for Chinese learned lessons their shared Panelists

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109 2014 110 2014 博鳌亚洲论坛 groundwater is contaminated, with the percentage rising rising percentage the with contaminated, is groundwater 50% of China’s fresh around but water, with covered is Earth the of 97% that noting by discussion the began ZHU Minyang Liming ZHU of Sciences Academy Chinese Sciences, Environmental Rusong WANG Research Hydropower and Hao WANG Bank Merchants China Weihua MA Qiaonv HE Panelists Rui YANG Moderators Eco-Friendly: A New Type of Urbanization 会议摘要 Synopsis YANG Rui, Anchor of China Central Television, Central China of Anchor Rui, YANG , Chairman and President, Beijing Orient Landscape Co., Ltd. Landscape Orient Beijing President, and , Chairman , Anchor, China Central Television Central China , Anchor, , Academician, The Chinese Academy of Engineering, China Institute of Water Resources ofWaterResources Institute China ofEngineering, Academy Chinese The Academician, , , Chairman of Wing Lung Bank and Former Executive Director, President and CEO of CEO and President Director, Executive Former and Bank Lung Wing of Chairman , , CEO, China Real Estate Development Union Investments Union Development Estate Real , CEO, China , Mayor, Yangzhou , Academician, The Chinese Academy of Engineering, Research Center for Eco- for Center Research Engineering, of Academy Chinese The Academician, , economic development. from pollution large-scale with Environmental decades, three past of the aspects of this year. every China has paid a high price for its economic growth growth economic for its price a high paid has China the year. the of days 20 just in occurs region the for rainfall annual the of 50% over that such Beijing and Harbin like China of parts specific in rainfall concentrated with imbalance, of water. availability metre cubic of terms in country, water-poor well-known water is very that scarce. 127,indicating NO. ranked is China China countries, even192 ranks below Israel, a factors. three following the to due abundant that not are resources water Chinese that explained Research, Hydropower and Resources Water of Institute China Engineering, premiums. high pay to have polluters be to found are which companies whereby play into brought be can insurance" "green suggested was identification of problem the main the Rather, China. in problem sourcepollution of the pollution. water the with He dealing to it comes when problem the offenders. penalize to disincentives economic or laws no with regulated, properly have been not development 3) Rapid urbanization is exacerbating water exacerbating is 3) urbanization Rapid water causes monsoon 2) continental The of Out low. very is distribution water capita 1)Per of Academy Chinese The from Hao, WANG being as money see not Weihua did Mr. Ma million in the middle and western areas of China. areas western and middle the in million 100 including people, million 300 of urbanization the with considerations environmental of balancing question impending the solve to U.S. the of experience the upon we draw that suggested and problems, waste and water, soil, air, with deal to offices management building without a building to China compared China needs to makeand exists everyoneproblem systematic a that acknowledged accountable. HeRusongWANG reality, a ecosystem good a make future. in included be should GDP" "green a and pollution, with deal to paid being price for the accounting without accurate not are Profits citizens. its to commitment a made has government the and government the with start should Clean-up habits. have bad also people addition, In environment. of the protection and treatment the to paid is attention insufficient and development economic rapid from resulting pollution resource management. Urban have better to cities of mobilize how we can question areas have major water area. plain 12% eastern of the on concentrated are people 70% of Chinese pollution. In answer to the question on the new factors to factors new the on question the to answer In the posed Yangzhou, of mayor the Minyang, ZHU

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111 2014 112 2014 博鳌亚洲论坛 WU Hequan WU SINGH Didar Yuchang KUEK HOWARD Steve Cong FU Sheng FU Panelists Conference Development Sustainable Zukang SHA Moderator Code Conduct of in the Cyber Space 会议摘要 Synopsis that a new form or updated form for governance is now is for governance form updated or form anew that commented Conference Development Sustainable UN the of Secretary-General Nations; United of General Moderator, Zukang Sha, Former Under-Secretary- Former Sha, Zukang Moderator, , coordinator for cyber affairs, Ministry of Foreign Affairs, China of Affairs, Foreign Ministry affairs, for cyber , coordinator , CEO, Kingsoft Internet Software Internet , CEO, Kingsoft , Academian, China Academy of Engineering Academy China , Academian, , Former Under-Secretary-General of United Nations; Secretary-General of the UN UN the of Secretary-General Nations; United of Under-Secretary-General Former , , Secretary General, FICCI, India FICCI, General, , Secretary , Vice President, ICANN , Vice President, , Secretary General, The Global Foundation Global The General, , Secretary space, one must first understand how cyber-space is how cyber-space understand first must one space, discussed. being is of conduct code why the is which required In order to understand the code of conduct in cyber- in of conduct code the understand to order In Foundation agreed that the UN would be one of one the would be UN the that agreed Foundation involvement. government of extent the and control, ultimate have the should who to as differed opinions But institutions. governmental non- other and governments business, society, including parties, all from input be should there that concluded addressed. is issues of the each ensure to activated be must These operate. already that laws national and available already conventions international are there that commented he Furthermore, norms. or rules actual into principles the conform how to is question real the but stance, same the taken has India that agreed Singh Didar A benefits. universal and ofco-governance, sovereignty, principle of peace, principle the elements: basic four proposed He challenges. the with cope to needed is conduct of code international an that stating government, Chinese the for position clear a took China, Affairs, Foreign of layers. three of these each at threats security exist content). (websites There and application and numbers), unique to names domain (matching providers), logical service internet cables, (undersea infrastructure the levels: three into separated is internet The structured. Steve Howard, Secretary General, The Global The General, Secretary Howard, Steve panel the of cyberspace, of topic governance the On Ministry affairs, for cyber coordinator Fu, Cong and distribution of political resources. of political distribution and government particular by any influenced or controlled be not and of governments, independent be should internet. the to access have unequal should country any in one no or country no and represented fairly is everyone that important is It equine. to internet the from advance and wrongs, the all right to moment the is this dissatisfactions, past are there if that stated Keuk parties. other from participation increased to forward looking is and meeting, previous the to time first for the came Baidu attend. to afford cannot who participants country developing to fellowships provides and world, the around travels year, a meetings public three holds ICANN of discussions. table the on also are governments as protected be also can Sovereignty involvement. and fairness promises and online freely documents its publishes organization The model. multi-stakeholder existing an having of benefits the leverage can ICANN of conduct. code the up setting to challenges above mentioned the all satisfy to solution likely a be may ICANN that out end. the in agree to for governments it easier make may approach holder multi-stake a and expression, of body ultimate the it is as options governance possible Zukang Sha concluded that the governing body governing the that concluded Sha Zukang pointed ICANN President, Vice Kuek, Yuchang

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113 2014 114 2014 博鳌亚洲论坛 ZHANG Yuliang MARLIN Chris Xiaoming LI Kang JIA Panelists Li WAN Moderator Reform Market-Oriented Real From Estate: Administrative Control to 会议摘要 Synopsis be taken in real estate policy. estate real in taken be would steps what on speculate to of Finance Ministry the of Kang Jia Mr. asked reform, market-oriented toward shift government’s Chinese the to referring News, WAN Li of Moderator Xinhua investors. for Chinese The expert panel addressed many pressing issues issues pressing many addressed panel expert The , Xinhua News Agency News , Xinhua , Director, Research Institute for Fiscal Science, Ministry of Finance Ministry Science, for Fiscal Institute Research , Director, , President, DESEA Investment Holding Group Co., Ltd Group Holding DESEA Investment , President, , President, Lennar International Lennar , President, , Chairman, Greenland Holding Group Holding Greenland , Chairman, advised that 36 million affordable houses should be built. built. be should houses affordable 36 million that advised he item, third the On households. for low-income homeownership increase to steps and possible”); as soon (“as reform tax property market”); the for role dominant “a as reiterated later he (which reform market to control Mr. JIA focused on the shift from administrative administrative from shift the on focused Mr. JIA Residential markets as extensively as in other parts of the U.S. He added that that added HeU.S. the of parts other in as extensively as depreciation experience not etc.—did City,York New Francisco, markets—San constrained land in-demand, most the where U.S., the to similar as situation the saw amenities. and by services well supported was property of the location the whether and factor, key the as regions and districts specific increase. price next for the basis the be would not demand that but demand, estate real forward have pulled 50% of increases price year’s last Beijing, in Road Ring Fifth the as such areas ex-urban 2013. In in as rapidly as nationwide. decisions purchasing estate real driving are that location each in factors by distinctive supported level being is price overall the that view the supported He soundly. and stably progress will development housing that confidence expressed Group Holding outlook. the incentivized not to immediately sell their homes. homes. their sell immediately to not incentivized be should and homes; their rent not own, People should Chris MARLIN, President of Lennar International International of Lennar President MARLIN, Chris than rather segmentation market saw LI Mr. rise to prices expect not did Yuliang ZHANG Mr. Investment DESEA President, Xiaoming, LI Mr. on panel the among views diverse some were There strongly from their lows. their from strongly back bounced have markets these in prices estate real Openness to extended land use land extended to Openness financing into Diversification forward this logic, and deal with any uncertainties. any with deal and logic, this forward would push of Finance Ministry the that said Mr. JIA needed, is extension for rule a that Acknowledging ease. at minds their put now can houses havewho bought owners the that so use, continued certify to necessary be will it However, building. the confiscate not will Government extended. be it can expires, right use land the after that answered Mr. JIA investment. term long- promote to extended be might period land-use the whether asked member audience one session, the banks. mortgage in invest to for them appropriate more be it that would and financing, expedite to be might banks in investing in interests developers' that concerned was LIU Mr. banks. in investing when considerations different face all they that and different, is situation company’s each that noted He banks. these in invest to want developers estate real and profitable, very are banks Investment sector. financial the in presence havestrong a During the question-and-answer phase following following phase question-and-answer the During companies estate real that replied ZHANG Mr.

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115 2014 116 2014 博鳌亚洲论坛 Gary PARR Gary Bill OWENS Santander Banco &Asia, Strategy INCIARTE Juan RODRIGUEZ Zuliu HU Fred GRIMSTONE Gerry DOCTOROFF L. Daniel Panelist HARVEY Christopher Moderator Reform Financial Global Painstaking and Slow the status of reform as a direct response to the global global the to response adirect as of reform status the consider first panel the that suggested He painful. but slowpainstaking, andbeen not only had reform financial 会议摘要 Synopsis Chris HARVEY gave his view that the global the that view his gave HARVEY Chris , Vice Chairman, Lazard , Vice Chairman, , Vice Chairman of the New York Stock Exchange (NYSE) for Asia; Chairman of AEA Investors ASIA Investors of AEA Chairman for New Asia; York of the (NYSE) Exchange Stock , Vice Chairman , Chairman, Primavera Capital Group Capital Primavera , Chairman, , Chairman, Standard Life, UK Life, Standard , Chairman, , Managing Director and Global Industry Leader of Financial Services, Deloitte Services, of Financial Leader Industry Global and Director , Managing , CEO, Bloomberg L.P., CEO, Bloomberg , Executive Member of the Board of Directors, Group Senior Executive Vice President for President Vice Executive Senior Group Directors, of Board the of Member Executive , China as a major influence. influence. amajor as China at look a necessitate inevitably would reform financial of global Consideration initiatives. new and trends recent of implications the consider then crisis, financial Shadow banking and liquidity risk in China in risk liquidity and banking Shadow Crisis Financial Global the from Lessons capital, shadow banking plays a legitimate function in in function legitimate a plays banking shadow capital, to access in hurdles face China in SME's most Since another. to class to asset one from migrate to risk for unlikely highly is it so China in derivatives no are there because partly China, for risk systemic a represent not regulation. enacted into translated been having 40% only with implemented, completely being from far still are laws the now, Even companies. some for profits corporate of loss and margin in a drop in have resulted which reforms, investment. capital greater in result and confidence for consumer boost astrong it wouldgenerate test, stress transparent a undergo to able were banks Chinese If year. of this end by the test stress similar own its conduct to plans also zone Euro The confidence. investor build to 2009 in test stress serious a implementing by crisis Fred Hu countered that shadow banking does banking shadow that countered Hu Fred financial major implemented also has US The financial global the from recover to began US The balance. balance. into back situation the bring to ways experiment to area, acontained in measures new introduce to concept the use to opportunity the and Zone Trade Free the use may they and situation the to sensitive are authorities Chinese the that panelists some among abelief was there and situation, this into look deeper a take to beginning probably were regulators Chinese that perceived worse. wouldbe SME's for situation the banking, shadow Without economy. the Kong stock exchanges for cross trading for cross exchanges Kong stock Hong and Shanghai connect to New measure markets on the mainland and HongKong. and mainland the on markets capital of development the healthy and way opening-up two- promote further and mechanism, connectivity exchanges stock Kong Shanghai-Hong a establish to conditions create actively will government Chinese the that Keqiang Li Premier by week the in earlier Nevertheless, Daniel Doctoroff, CEO of Bloomberg, of CEO Bloomberg, Doctoroff, Daniel Nevertheless, The panel considered the announcement made announcement the considered panel The

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117 2014 118 2014 博鳌亚洲论坛 Dominique de VILLEPIN de Dominique SHI Jenny MISSONG Thomas GUAN Jianzhong AHMAD Faheem Panelists F. Jr DUMLAO Santiago Moderator System Rebuilding the Post-Crisis Global Rating enterprises. Diversity should also be pursued as the more more the as pursued be also should Diversity enterprises. small/medium-sized and economies developing most by including inclusiveness embrace should system rating a good that view the shared participants The bias. any be not should there and countries, of all 会议摘要 Synopsis The global credit rating system is in the interests interests the in is system rating credit global The , Managing Director, Moody’s Investors Service Moody’s Investors Director, , Managing , Chairman & President, Dagong Global Dagong &President, , Chairman , President, ACRAA President, , , President, EACRA, , President, ., Secretary General, ACRAA ACRAA General, ., Secretary , former Prime Minister, France Minister, Prime , former recognition of rating results and findings is different different is findings and results of rating recognition mutual the currently However, standards. unified under borders across float to information rating facilitating flowrequirements, capital satisfy able to be should system rating global an efficient Also, be. to likely is it reflective more the factors, of different inclusive are ratings the monopoly. regional avoid to stakeholders be should agencies Asian the all and place first the in identified be to has system rating credit Asian of model the the that believed of ACRAA President Ahamad, Mr. Faheem needed. be may balances and checks some establish can that system new a hence, regulation, simple by risks technical solve cannot system rating global current the as system credit anew of creating idea the raised Global, of Dagong President and Chairman Jianzhong, Mr. Guan expertise. local and fairness diversity, its about concerns causes that and countries developed from originated system rating credit current The debt. government global of the amount total the of 90% over for accounts and countries of up developed world’s made is the system debt biggest hand, other economy.the On global of the creditors the also and engine growth the as roles its given system, rating credit global of the reform the role in a bigger debtors. needsto a different standard unified measure credits and world The differ. standards their world, the in agencies rating credit famous the for Even regions. different in From a regional perspective, Asia should play should Asia perspective, From aregional should reduce over-reliance on credit ratings. ratings. credit on over-reliance reduce should investors institutional and institutions financial words, other In opinion. the trust to want they whether choose to investors market to up always It's decisive. as viewed be should opinion single no and opinion one still is provide agencies rating credit what however, risk, default and analysis credit of independent source viable only the as viewed are ratings credit agency. Nowadays, rating credit apriority. as system monitoring independent of an establishment the highlighted Mr. Guan developed. be should rating dual and double rating including structure, anew that suggested of France, Minister Prime former Villepin, de Dominique Mr. discussed. intensively was oversight for better of mind-set change A regulation. tight on been it has and industry the in happened that involvement alot of was regulatory there years, 5-6 past over the Actually, agencies. rating credit of supervision for better need the things, other among highlighted, crisis financial 2008 The system. credit entire of the security the to related directly is agencies rating of credit responsibility the as agencies rating Powerful effective supervision is necessary for necessary is supervision effective Powerful The public should never exaggerate the function of function the exaggerate never should public The

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119 2014 120 2014 博鳌亚洲论坛 Vaughn SMITH Vaughn Margaret REN MILLIGAN Steve LIUJiren BEJAR Martha Ahmed BALADI Paneliests ZHANG Yaqin Moderator Cloud & Computing Data Big 会议摘要 Synopsis more hype or had actual promise. The panel universally universally panel The promise. actual had or hype more was industry the whether on was discussion computing The overall focus of the big data and cloud and big of data the focus overall The , Chairman and CEO of CEO Neusoft and , Chairman , Country Executive and Chairman of China, Bank of America , Chairman and Executive , Country , Microsoft , CEO/Bard Director at Flow at Mobile Director , CEO/Bard , VP, Special projects, Facebook , VP, projects, Special , Partner of Allen &Overy of Allen , Partner , President and CEO, Western Digital Corporation Digital CEO, Western and , President many challenges which need to be addressed urgently urgently addressed be to need which challenges many still are there However businesses. for opportunities significant present areas both that fact the on agreed key focus for all companies moving forward. moving companies for all key focus a be will efficient energy be to design storage Updating of energy. user ahuge is big data because storage on impact the to focus moved the Corporation Digital services. quality high provide able to be will cloud providers public eventually, and, converge will providers service private versus public of features security the run, long the in that expected it is although by cost driven more be will businesses for security data forward, moving that highlighted data. his/her access to individual the of right the respect finally, and data; personal of their deletion or retention the regarding of people rights the respect fourthly, protection; data ensure thirdly, of data; use for the consent obtain secondly, used; be will data how the about transparent be by:firstly, abide should businesses which rules golden challenges. complex has day, China every of data amounts huge generating population largest world's the with and further, develops industry the before Steve Milligan, President and CEO, Western CEO, and President Milligan, Steve Neusoft of CEO and Chairman Jiren, Liu five listed & Overy of Allen Partner Baladi, Ahmed jurisdictions. across data share can governments which to extent the as such issues other raised security for public big data of use the whereas country, specific that of laws the to compared of data ownership pure to related was point first the as topic adelicate it was that stated panellists The for example. recognition facial and of biometrics use by the effectively most met be can which needs security for public by government of big data future people. and of things patterns behavioural the identify to data uses company the overview, an As data. big of benefits the enjoying and trusting of users example an is company how his highlighted field. this in lead to opportunity ahuge has China and mobility to connected also is Big data analysis. by big data driven opportunities investment identify to adopters early as and analytics in way the led has services financial that stated Lynch Merrill America of Bank of Chairman and Executive Country China Ren, Margaret and forefront From a financial standpoint, big data is at the at is big data standpoint, From afinancial The concluding part of the session focused on the the on focused session of the part concluding The Facebook projects, Special VP, Smith, Vaughn

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121 2014 122 2014 博鳌亚洲论坛 ZHI Shuping ZHI Pingjun LIU Xiaogang ZHANG Shu GU Haishan LIANG SEWELL Bruce Speakers Xi LIN Moderator Strategies Corporate & National Asia: in Building Brand 会议摘要 Synopsis can effectively grow both nationally and globally. and nationally both grow effectively can Asia in brands how on shared were field the in leaders Insights from both business and government government and business both from Insights , Broadcaster, China National Radio National China , Broadcaster, , Vice President, ICBC , Vice President, , Former Vice Minister of General Administration of Quality Supervision, Inspection and Quarantine, PRC Quarantine, and Inspection Supervision, of Quality Administration of General Vice Minister , Former , Minister of the General Administration of Quality Supervision, Inspection and Quarantine and Inspection Supervision, of Quality Administration General of the , Minister , Senior Vice President, Apple Vice President, , Senior , President, Haier , President, , General Manager, Anshan Iron & Steel; President, International Organization for Standardization Organization International President, &Steel; Iron Anshan Manager, , General be prosperous, it needs to have a many famous brands. brands. famous have a many to it needs prosperous, be market share and a country economy, so for a country to It was recognized that brand building can help can building brand that recognized It was foundation of brand building; secondly, promulgating promulgating secondly, building; of brand foundation the as quality product improve to and companies, the by innovation encourage to certification and standards, deployment of quantitative examination, national firstly, on: focus will Administration General the that construction of brand aspects four listed Quarantine and Inspection Supervision, Quality of Administration shared. and honoured be can stories success where brands quality for high program award an well as as environment enabling of an creation the PRC, suggested Quarantine, and Inspection Supervision, Quality of Administration level. next the to brands takes which process the is market international the into integration and building brand that said Standardization for Organization International President, Steel; & Iron globalization. for aneed still is there brands, and products strong has region the though Even represented. less significantly were companies Asian whereas US the from were listed companies of the half 500, Forbes recent the In ZHI Shuping, Minister of the General the of Minister Shuping, ZHI General of Minister Vice Former Pingjun, LIU Xiaogang,ZHANG GeneralManager, Anshan product and support. right the having alongside important, is stakeholders and government the from however support basis, by case acase on tailored be must approaches and global become them. around builds and of goals its core the at customers puts which model a different has therefore and lines product different many so has Haier Apple, with agreed he while that brand. the honour turn in will customer the then work best the with customers the honour and product best the build you If product. the with ends and starts itfor all Apple, that specified world, the in brands valuable most the of brand-building. in specializing programmes major open to college and universities encourage to and building, brand in training strengthen to fourthly, standards; global with consistent be to system evaluation quality and brand ascientific establish to thirdly, branding; for company environment a good provide to protection property intellectual on regulations and laws In conclusion, there are many ways for a brand to to for ways abrand many are there conclusion, In said Group, Haier China's of President Hai, Liang one Apple, of President Vice Senior Sewell, Bruce

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123 2014 124 2014 博鳌亚洲论坛 WANG Lu WANG WALDER Jay Shiyi PAN Arun MAIRA DOCTOROFF L. Daniel Gang CHEH ANTONOVICH Michael Panellists RUI Chenggang Moderator People of Urbanization healthy environment. Mr. Michael Antonovich gave Antonovich Mr. Michael environment. healthy a and resources, public to access equal opportunities, job enough of creation the is people of urbanization 会议摘要 Synopsis Participants shared the view that at the core of core the at that view the shared Participants , Executive Chairman, SOHO China Ltd SOHO China Chairman, , Executive , Vice Governor, Hainan Province Hainan , Vice Governor, , Vice Mayor, Beijing , CEO, MTR Corporation of HongKong Corporation , CEO, MTR , Member (Rank of Minister) of the Indian Planning Commission, Government of India Government Commission, Planning Indian of the of Minister) (Rank , Member , Director & Anchor, China Central Television Central China &Anchor, , Director , CEO, Bloomberg L.P.; Former Deputy Mayor, L.P.; New, CEO, York Bloomberg Deputy Former City , Chairman, MTA Board of Directors; Supervisor, Los Angeles County Angeles Los Supervisor, of Directors; MTA Board , Chairman, The service industry is expected to be a major player major a be to expected is industry service The research. medical and sciences life tourism, production, TV and film tech, high of sectors the developing by creation jobs new in success LA'sof example the practical approach for China's further urbanization. urbanization. further for China's approach practical healthcare. and education as such resources public to access with them provide and city the into people extra these integrate to city the challenging year, every population of Beijing increased by about 500,000 people the that mentioned Beijing, of Mayor Vice Gang, Chen traffic. by increased caused pollution air for example, issues, environmental to contribute also Mega-cities services. public and housing on demands creates cities in living of people number increasing ready.not The are cities the if problems various cause will cities to areas rural from of people ofmovement amount ahuge that argued panellists other However, necessary. be will jobs and people of flow free a successful, be to For people. for of a city its life quality improving on revenue the use eventually and revenue generate to able it is grows, city grow. to the As ability its on relies of acity failure or success the that believed panellists Some not. or well doing is city a whether measure to of acity. sustainability the to contribute also transportation fuel clean and energy green in Investment of urbanization. round new the in Building a regional cluster is considered as a as considered is cluster aregional Building indicators best over the debate some was There pursued. pursued. be should capital private and support public combine that strategies so cases, many in investment underlying support to critical be will sector private the from Finance required. be will funding more significantly continues, urbanization As rest. the do sector private the letting then and function, to market the facilitate to required minimum the doing Government of one the be should model city. The the across options housing affordable more created NYC so, doing By develop. to developers private the allowing and subsidy providing government with development, housing in experience NYC's shared Mayor of New York Deputy City, Former and Bloomberg of CEO Doctoroff, Daniel problems. tackle to needed of acluster. establishment successful the to key is system transportation city inter- a well-developed sense, that In residents. attract to standards living improve to towns and cities smaller nearby to incentive an City, providing Capital the as functions and capacity economic Beijing's of some out move and resources, public and of industries distribution promote networks, transportation of integration the intensify will cluster Beijing--Hebei The A joint effort by public and private sectors is sectors private and public by effort joint A

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125 2014 126 2014 博鳌亚洲论坛 ZHANG Yuxi SINGH Didar A. Jun FENG HANSBERRY Jeff BURBANK John BROADBENT Richard BREWER Hamish Panellists LU Binbin Moderator Win-Win? or Zero-Sum Traditional Commerce: vs E-Commerce 会议摘要 Synopsis While internet is bringing greater convenience, it is convenience, greater bringing is internet While trend. inevitable an is shopping online that noted Binbin Lu Moderator commerce. traditional to harmful or complementary is e-commerce whether discussed With the rapid growth in e-commerce, this session session this e-commerce, in growth rapid the With , Founder, B-Doing Communication Agency Communication B-Doing , Founder, , Chairman &CEO, Aigo , Chairman , Chairman, Beijing Xinfadi Agricultural Products Wholesale Market Market Wholesale Products Agricultural Xinfadi Beijing , Chairman, , Secretary General, FICCI, India India FICCI, General, , Secretary , President, Nielsen Strategic Initiatives Initiatives Strategic Nielsen , President, , President, Starbucks China and Asia-Pacific Asia-Pacific and China Starbucks , President, , President & CEO, JDA Software Group, Inc. Group, &CEO, JDA Software , President , Chairman, Tesco , Chairman, its definition varies across different goals. Mr. Jeff goals. different across varies definition its and evolving is e-commerce time, Over e-commerce. commerce. traditional to challenge aformidable presenting also The panel started the session by defining by defining session the started panel The being impacted by changes. This includes retailers retailers includes This by changes. impacted being space. this in compete to investment and strategy market their on judgement careful exercise and comprehensively implications the consider must transition a such making of thinking are that businesses of e-commerce, nature interactive the Given methods. collection and payment timing, the including purchases make they way the over control more them giving information to access now have more Consumers patterns. purchasing and expectations price needs, consumers’ shifted has internet and network social the that out pointed Brewer Hamish Mr. expectations. their retailers and customers, customers’ behaviours and collection. store in and purchasing mobile ordering, online include points touch loyalty. These customers’ affect points touch multiple how on put the be should emphasis and consumers, with points touch multiple offered which achannel, is e-commerce that stated Broadbent Mr. Richard customer. the with interaction the enable that of activities a whole is range There ecosystem. an as treated be should instead, and, channel a than more is e-commerce that commented Hansberry As e-commerce evolves, certain industries are industries evolves, certain e-commerce As between relationship the changed Technology has business profitability. profitability. business increasing on focusing to transition will share market and revenue for e-commerce rush early West.the The from learn well as as China from learn to opportunity a great also is There integrity. on focus a requisite with business, traditional complement to of e-commerce proliferation increasing the embrace to need businesses perishable. are products the as economies of scale right the finding is brands agricultural to challenge biggest the that feels Mr. Zhang expectation. customer's the with matched e-commerce, with supplies commerce traditional between balance right the be to needs There areas? rural and towns small to goods of supply the manage how to as such considered, be to has strategy chain supply companies that mentions Singh online. shop to likes and internet the with up grew segment customer this and old, of age 25 years the under women are shoppers of their 60% that in affected been have industries produce the even suggested Mr. Zhang declining. is store atraditional of maintaining proposition value the whom for music and books clothing, for In conclusion the panellists all agree that agree all panellists the conclusion In Mr. points. pain also are there time same At the

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127 2014 128 2014 博鳌亚洲论坛 WU Guodi WU NG Dominic LOW Patrick HANSELL Jordan Sanjeev CHADHA BADGER Stephen Leader Discussion Victor FUNG Moderator and Asia’s of the Rise Consumer Market Supply Global Chain Shifting and optimise their supply chains to meet the changing changing the meet to chains supply their optimise and services and products their innovate can how they on focusing are companies result, a As marketplace. global the to consumers new billion one approximately 会议摘要 Synopsis Growth in the Asian region has added has region Asian the in Growth , Chairman of the Board, China International Energy Sources Group Co., Ltd Group Sources Energy International China Board, of the , Chairman , Chairman and Chief Executive Officer, East West Bank; Chairman, The Committee of 100 April 20145, of April 100 Committee The Chairman, East Bank; West Officer, Executive Chief and , Chairman , Former Chief Economist, World Trade Organization; Vice-President of Research, Fung Global Institute Institute Global Fung of Research, Vice-President World Organization; Trade Economist, Chief , Former , Chairman, the Fung Group Fung the , Chairman, , Chairman of the Board, Mars. Incorporated Incorporated Mars. Board, of the , Chairman , PepsiCo CEO for AMEA for AMEA CEO , PepsiCo , Chairman and CEO, NETJETS CEO, NETJETS and , Chairman sustainable supply chains. Historically, supply chainsHistorically,supply chains. supply sustainable and efficient operate can they how to back coming consistently are Asia in model business a profitable forward. moving of consumers demands Companies tackling the challenge of building building of challenge the tackling Companies moving forward. moving manner sustainable and atimely in consumers of Asian profile economic and demands ever-changing the meet to models business disruptive and innovation constant on emphasised. particularly was future the in role of the services importance The innovation. model business and technology in investing productivity, domestic increasing services, on focus particular with of growth, asource as economies own their at inwards look to need economies Asian that panellists markets. respective their in of consumers needs changing the evolved meet to has west the and Asia between exported products of kinds the Additionally, supply. intra-Asia on focused is flow chain supply Asian of 50% Now, west. the in approximately consumed be to due were Asia from exported products of majority the when past the to supply, contrast in intra-Asia towards shift asignificant been has there Furthermore, behaviours. and needs of customer understanding suppliers' on put some limitations This corporations. and consumers between way dialogue two no with one-directional, were Disruptive business model innovation and the role the and innovation model business Disruptive focus to needs region the in operating Businesses by the agreed it was exporting, to addition In extremely attractive for business. attractive extremely of remains 7+% and solid is of growth rate current the that agreed executives China, like economies of growth slowing despite Even sufficient. are Asia in available opportunities business the that consensus mutual was there world of and the part this in business doing be to fortunate are they believed China entering corporations corporations. and customers between dialogue way a two establishing role in important play an also will big data in capabilities rising and experience, customer omni-channel O2O), or providing offline( to online as such models business Disruptive companies. of Asian strategies investment aggressive more and availability capital significant to due ones western in than markets emerging in rapidly more happening is innovation model business that, was of panellist one view The needs. consumer changing rapidly meet to enough flexible are operations their ensure to need will who manufacturers from co-operation and responsiveness of requires complexity, terms in envolving are chains how supply Additionally, optimisation. chain supply progressing in critical as emphasised was of technology Overall, panel representatives from global from representatives panel Overall,

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129 2014 130 2014 博鳌亚洲论坛 YUAN Xingpei YUAN Bing WU PENG Long Arun MAIRA Yongtu LONG LIANG Zhiming Zhaoxing LI GUNAWARDANE Bandula Panelists Lan YANG Moderator Enterprises Asian Asian Cultures &Competitiveness of Diversity of cultures in Asia should be respected be should Asia in ofcultures Diversity 会议摘要 Synopsis The distinctive types of cultures present in Asia, make make Asia, in present cultures of types distinctive The diversity. and inclusiveness richness, for its culture Asian the recognized of India, Government Commission, Mr. Arun MAIRA, member of the Indian Planning Planning Indian of the member MAIRA, Mr. Arun , Executive Producer, Iron Man 3; Co-Founder, DMG Entertainment Group DMG 3; Entertainment Man Co-Founder, Iron Producer, , Executive , Chair, Sun Media Group and Sun Culture Foundation Culture Sun and Group Media Sun , Chair, , President, Beijing Foreign Studies University Studies Foreign Beijing , President, , Former Minister of Foreign Affairs, China of Affairs, Foreign Minister , Former , Member (Rank of Minister) of the Indian Planning Commission, Government of India Government Commission, Planning Indian of the of Minister) (Rank , Member , Former Vice Minister MOFTEC Vice Minister , Former , President of Central Institute of Chinese Culture and History, State Council, PRC Council, State History, and Culture of Chinese Institute of Central , President , Executive Director, Laya Chemicals Laya Director, , Executive , Minister of Education, Sri Lanka Sri of Education, , Minister countries in Asia. in countries of different cultures the between differences the appreciate to relevant more it is and culture, Asian the of definition standard a give to invalid philosophically it Instead of searching for "the" Asian Culture, Culture, Asian "the" for searching of Instead Integrating culture into business strategy business into culture Integrating Asia in cultures different the across values Shared engage foreign youth. youth. foreign engage to symbols Chinese using consider should Companies exchange. way for cultural effective an be of can toys export the For instance, products. in elements Chinese of incorporation the through exchange cultural facilitate and China from volume of trade increase direct the beyond think to need companies that believed MOFTEC, for others. respect and responsibility collective parents, children, are which culture, of Asian values shared the on focus should often sparkles when cultures clash. cultures when sparkles often innovation because innovation of sacrifice the at control and of efficiency benefits way for the global one into practice entire the of streamlining simply temptation the suppress should corporations multinational Similarly, inclusiveness. and bonding on stresses it because family-focused and humanitarian highly is culture Asian that believed Lanka Sri Education, of Minister GUNAWARDANE, Bandula Mr. factors: important two discussed Mr. MAIRA respect. and harmony obtain way to the consider should countries Mr. LONG Yongtu, Former Vice Minister of Minister Vice Former Yongtu, LONG Mr. countries that suggested GUNAWARDANE Mr. Asian countries should respect the differences. differences. the respect should countries Asian their culture their spread and sustain to in ofyouth Responsibility growth future driving to key the is cultures ofnew Exploration passed on to future generations. generations. future to on passed be could elements cultural these that so literature and calligraphy Chinese learn to students college advised he Specifically, roots. cultural own their treasure to of cultures. new understanding and research the support to established be to needs corporations and institutions education between cooperation Thus, drivers. growth new identify to Africa South as such markets new explore to started has Chemicals Laya and competition, service to competition product from shifted has nowadays competition the LIANG, to According growth. future drive to markets new in exploration of cultural importance the highlighted Chemicals, perfect match for her craft of making movies. movies. of making craft for her match perfect providing and preference of understanding importance the explained WU Ms. universe. entire the to birth gives which many, to one of creation Taoism—the in lies diversity of Asia’s beauty the cultural that view of the was Group Entertainment DMG of Co-Founder and 3 Mr. YUAN emphasized the importance for youth youth for importance the emphasized YUAN Mr. Layaof Director Executive LIANG, Mr. Ms. WU Bing, Executive Producer of Iron Man Man Iron of Producer Executive Bing, WU Ms.

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131 2014 132 2014 博鳌亚洲论坛 TU Haiming TU Moderator Roundtable Business Chinese Overseas attractive business opportunities and higher returns. returns. higher and opportunities business attractive ultimately flow back to Asiaand China seeking for more will capital international However, depreciate. to Yuan the on pressure some put will which China, from outflow capital international some see will China, in activities economic slowing with coinciding U.S. the in QE3 of capital flow. He saysthat economic recoveryand the end world overall of the analysis an provided of group, CP Chairman Chearavanont, Dhanin economies. Asian to back flow to expected therefore are and returns best the 会议摘要 Synopsis China's agricultural industry is going through a through going is industry agricultural China's seeking investors by driven are flows capital Global , President, Shanghai Hodoor Real Estate Development Co., Ltd. Development Estate Real Hodoor Shanghai , President, Agribusiness &Food, Indonesia, suggested that given given that suggested Indonesia, &Food, Agribusiness Mas Sinar of Officer Executive Chief and Chairman Widjaja, Oesman Franky issue. overproduction the digest way to effective an as activities investment outbound crops. high-value for more used be should land rural that concluded Chearavanont Mr. Dhanin develop business. and land acquire to farms and companies agricultural for modern easier much it make will land to rights more farmers grants which reform land The food. quality for higher demand people's and reform by land driven of growth period dynamic China has the opportunity to accelerate its accelerate to opportunity the has China peaceful and prosperous. and peaceful more become would Asia then culture, on integration mutual issues, economic on situation win-win existence, co- peaceful apolitically achieve could countries Asian If progress. technological and development economic of a country's soul the It also is of a nation. ability vitality, is animportant and creativity influential Culture of development Asia. future for the integration cultural promote to countries for Asian essential it is that, mentioned ofEnterprises Association China Commerce, project. construction the to attached hospitals and schools having is resistance local reduce to way effective an that observed also He enterprises. Chinese by overseas participation with fund ownership mixed a establishing by knowledge and relationship local its leverage able to be will For China example, country. destination the and China between bridge a be can enterprises Chinese Overseas production. over- of absorption the to contributes which projects, construction overseas promoting into effort more put should China goods, of exports of US$0.37 brings project construction overseas of dollar each that fact the Yu Xuewen, Vice President, Chamber of Chamber President, Vice Xuewen, Yu will continue unabated. unabated. continue will process integration regional Asian the and advancing, are negotiations trade multilateral and of bilateral a variety where a stage entered has Zone Trade Free China-ASEAN contrarian. not is Asia in cooperation however, regional process, negotiation a new promote to initiatives new including have encountered, efforts integration Asia's regional that factors complex many are There outcomes. development regional on based still of is development Asia future for the force driving the that concluded Council, State the of Office Affairs parties. both for benefits mutual bring will account into interests local Taking resources. local consolidating to markets local targeting from shift a strategic requires which transformation, this effect to needed be will system innovative an that view of the was Association, Entrepreneurs Chinese Overseas China of President Vice Executive Jingwei, Chen improvisation. quality to expansion quantity from transform of ASEAN and China. ASEAN development the in business for Chinese cooperationopportunity should The next decade will provide a rare historical historical a rare provide will decade next The Ms. Qiu Yuanping, Director of Overseas Chinese Chinese Overseas of Director Yuanping, Qiu Ms.

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133 2014 134 2014 博鳌亚洲论坛 Wu Ying Wu ZHANG Richard WU Yibing Association Equity Private China SHAO, President, Bingren LI Jiange Guy HANDS Panelists BIASIO Jame Di Moderator Markets Path New forThe PE in Growth Emerging From Pre-IPO to Buyout: Way Express Chinese the in Delivered Equity: Private 会议摘要 Synopsis commonly refers to the investors or funds that make make that funds or investors the to refers commonly The overseas Private Equity (PE) market (PE) Equity Private overseas The , Chairman, China Capital Group Group Capital China , Chairman, , Chairman, Shenyin & Wanguo Securities &Wanguo Shenyin , Chairman, , Senior Managing Director, Temasek International Pte. Ltd. Pte. Temasek International Director, Managing , Senior , Chairman & Chief Investment Officer, Terra Firma Capital Partners Capital Firma Officer, Terra Investment &Chief , Chairman , Executive Director, Haymarket Financial Media Financial Haymarket Director, , Executive , Partner, Apax Partners Apax , Partner, express version. Because of the lack of debt financing, financing, debt of lack the of Because version. express an into PE shaped has culture investment distinctive the China, in However, securities. equity or financing debt through companies private into directly investment Hybrid Ownership: A Path for Future Growth for Future APath Ownership: Hybrid encourage the reform. Recently, pressure on SOEs and and SOEs on pressure Recently, reform. the encourage to date to unsuccessfully have tried advocates political and leaders Industry first. at opportunities development and attention much receive not did ownership hybrid concept, innovative an it was Though Congress. National 15th the during 1990s the in originated capital structure and operations. operations. and structure capital of optimization as such activities through emphasized be to needs value-added and profit, term long on focus to rationalized be to needs investment reform: industry negatively. somewhat China in of PE firms reputation the impacted has This firm. PE investing the for advantage monetary tremendous would gain values of share increase immediate publically, the listed gets company target the when of shares, amount adominating purchase to utilized is investment the once because stage pre-IPO the during companies target in interested especially are China in firms PE shareholder. largest the becoming and company target of the rights controlling of the buying the through achieved mostly are deals investment Hybrid ownership, according to LI Jiange, LI to according ownership, Hybrid As a result, the "return" of PE in China is a path for path a is China in PEof "return" the result, a As than purely pre-IPO and IPO gains. gains. IPO and pre-IPO purely than broader is focus the as ofPEsdefault, to risk the mitigate will This investment. value-based long-term, on focus efficiency. low experience to continue industries, key several in monopoly near with SOEs re-considered. being is ownership hybrid to led has perform, to sector private the landscape regulatory and cultural the in Challenges support for and freedom of value-based investment. investment. of value-based freedom for and support the with industry the provide to market financial the of liberalization the promote should government central that agreement in was panel The moderated. better be companies. of the operations the to changes make to shareholders minority through intervene to firms PE for it difficult makes This companies. own of their CEOs the usually are founders China, in talent management of top SOEs sector. private the and due lack the to For instance, both in place take to needs which transformation cultural The role of PE in the private sector should be to be should sector private the in PE of role The One concern commonly shared by the panel is the the is panel by the shared commonly concern One Moreover, the regulatory environment needs to needs environment regulatory Moreover, the

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135 2014 136 2014 博鳌亚洲论坛 ZHU Heyi XU WeiqiangWU Panelist RUI Chenggang Moderator Automobile Update Industry 2014 Automotive emissions Automotive 会议摘要 Synopsis policy can help to reduce automotive emissions. emissions. automotive reduce help to can policy Beijing is undertaking research to determine how determine to research undertaking is Beijing government that ways discussed panellists The , Chairman, Beijing Automotive Group Co., Ltd Group Automotive Beijing , Chairman, , General Manager, Dongfeng Manager, , General , Editor, Auto Weekly, China Youth Weekly, Auto , Editor, Daily China , Director & Anchor, China Central Television Central China &Anchor, , Director be available in the first half 2014.of half first the in available be to expected are results The China. in pollution PM 2.5 overall to contributing are emissions automobile much According to Heyi Xu, the problem cannot be cannot problem the Xu, Heyi to According develop further in China. in develop further to vehicles these for market a provide and pollution decrease dramatically both will which taxis, and buses for public vehicles electric developing on focused is .Dongfeng market China's of much for unaffordable it makes Teslaof price the Furthermore, industry. device mobile the in did Apple what to similar industry, automotive the in arevolution Tesla create that will emissions. automotive would decrease that standards petrol in improvements achieve to efforts congestion. traffic limit to order in lights traffic without south to north from lane afast planning as such infrastructure, city smarter on focusing proposed and officials, city all by nearly means effective most the as regarded still is method this that indicated but agreed, Zhu Fushou road. the on vehicles passenger or number the blocking by solved Over-capacity Over-capacity In terms of electric cars, Heyi Xu does not believe believe not does Xu Heyi cars, electric of terms In accelerated be should there that agreed panel The The panel considered whether China is facing an an facing is China whether considered panel The exists. over-capacity whether about conclusion a general draw to statistics simple such use to difficult it is Therefore patterns. consumption and backgrounds different many with distribution population a unique has also China that out Weiqiang Wu pointed for growth. room indicate to tends world's ofThis the average. half is which China, in countries. other with compared China in are there players market how many considering industry, the in consolidation more be will There market. automobile the in arise to situation a such for normal is it therefore markets, of mature feature acommon is demand exceeding supply that stated Zhu Fushuo exists. over-capacity markets, European and US the in even time, same the at but role, its play must market the that stated Weiqiang Wu industry. the in level of production appropriate the for maintaining important is policy of national continuity Xu, Heyi to According policy. government production. for automotive of over-capacity issue On the other hand, there are 76 cars per 1000 people people 1000 per 76 cars are there hand, other the On by local influenced often is production China, In

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137 2014 138 2014 博鳌亚洲论坛 Ratan TATA Ratan ZHANG Weiying Speakers Indian Companies of Competitiveness & Economy Indian of Vigour ZHANG Weiying Meets Ratan TATA: The led the conversation with a series of salient questions on on questions of salient aseries with conversation the led Weiying Zhang Prof. companies. prolific most century’s 21st the of one managing from gained insight of lifetime a encapsulated Sons, Tata of Emeritus Chairman Tata, 会议摘要 Synopsis Boao Forum’s one-on-one dialogue with Ratan Ratan with Forum’sBoao dialogue one-on-one , Chairman Emeritus, Tata Sons, India Tata Sons, Emeritus, , Chairman , Professor of Economics, Peking University Peking of Economics, , Professor characteristics: characteristics: by three Tata’sthat defined been has development observed Tata Chairman 1950s, the since history its and future. Tata’s and present, past, Beginning with a brief introduction of his company company of his introduction a brief with Beginning ethical stance on such challenges as bribery. During During bribery. as challenges such on stance ethical company’s his asserting directly, and frankly questions these Tata addressed Chairman practices. business for corrupt India’s to reputation alluding questions afew pointed raised Zhang Prof. corruption. to response conversation. the throughout acquisition.” This that of benefits theme the retain can you then destiny, own wastheir repeated and reinforced manage to them allow which strengths, management’s company the you respect them.“If Tata led absorb to had that attributes and strengths the maintain to empowered be should Tata acquires that companies the that dialogue: the of theme unifying a became that remarks it operates. which in framework ethical the Tataentered, provides the business framework as well as management. and directors autonomous with exchange, stock the of businesses. new array a diverse A second theme that emerged was the correct correct the was emerged that theme A second Tata’s Chairman in emerged principle A guiding have they that business and industry each In • on listed been typically has area business Each • enter to them enabled framework company’s The • the product.” like to without China a country manufacturing changing transfer can you that proving venture, joint successful avery for being basics the all It has good. exceedingly have been we’ve Cherry relations with had “The noted, He ZTE. and Huawei, Cherry, praised Chairman the and impressed, most was he which with companies Chinese China. in industry hospitality for the prospects the noting lines,” hotel our at look to be “might opportunities attractive of one the that Tata suggested Chairman itself, Tata to As either. in done been having much without but countries, both in reach within are opportunities that Tata opined Chairman upon. acted and explored been had India and China between opportunities investment and business shared which to extent the (bribes).” paying without ……Youbusiness do ethics. can our subordinating without manner arespectable we’ve in grow able to been large by and but adisadvantage, at we are time, to time From today. that do we do nor favours, seek didn’t we because much too grow didn’t “Tata said, he 1990s, the Prof. Zhang asked Chairman Tata to name three three name to Tata Chairman asked Zhang Prof. was dialogue the in theme recurrent Another

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139 2014 140 2014 博鳌亚洲论坛 ZHANG Yuyan Daojiong ZHA WANG Gengwu LI Xiangyang Guanghui LI HUANG Yukon Yafei HE Leader Discussion Jisi WANG Moderator Leaders Business Maritime Silk Road and the Overseas Chinese 会议摘要 Synopsis , Vice Minister of the Overseas Chinese Affairs Office of the State Council Council the State of Office Affairs Chinese Overseas of the , Vice Minister , President of the Institute of International and Strategic Studies, Peking University Peking Studies, Strategic and of International Institute of the , President , Vice President of Chinese Academy of International Trade and Economic Cooperation (CAITEC) (CAITEC) Cooperation Economic and Trade of International Academy of Chinese , Vice President , Director of National Institute of International Strategy (NISS), Chinese Academy of Social Sciences (CASS) Sciences of Social Academy Chinese (NISS), Strategy of International Institute of National , Director , Professor, International Political Economy at Peking University. University. Peking at Economy Political International , Professor, , Director of Institute of Economics and Politics, Chinese Academy of Social Sciences (CASS) Sciences of Social Academy Chinese Politics, and of Economics of Institute , Director , Senior Associate at the Carnegie Endowment in Washington D.C. Washington in Endowment Carnegie the at Associate , Senior , Chairman of the East Asian Institute at National University of Singapore of Singapore University National at Institute Asian East of the , Chairman Asian region, their abundance of wealth, (currently, it is it is (currently, of wealth, abundance their region, Asian of the aspects regulatory and societal cultural, economic, the with familiarity their through community business integrated amore promote leaders business by Chinese played roles the Specifically, based. are they which in countries the from models co-operation global building thorough Asia throughout and China in development economic and trade promoting role in important limited. is route land the whereas global, it is that is route sea the of advantage key The globalisation. drive and region the in connectivity increase will which Road Silk provides a side by route formaritime sea trade the However, countries. neighbouring close to limited and overland was route trade economic and commercial China’s main aresult, as and route trade overland an was Road Silk the Historically, contrasted. and compared culture modern and ancient in Road Silk the of role the Europe. and Africa with Asia by connecting region the throughout growth and prosperity economic drive and people, and businesses countries, connect will development its how particular in Road, Silk maritime of of the development benefits and purpose Overseas Chinese businessmen play avery businessmen Chinese Overseas and discussed, was Road Silk the of history The the outlined speech note key Yuanfeng's Qiu Dr. regional neighbours. regional with relationships harmonious and beneficial mutually establish to required is benefits over term long gains term short on focus from expectations of regional ashift Also, flourish. to program Road Silk maritime the enable will collaboration monetary and agreements trade inclusive routes, of transport safety resolution, conflict regional of participants. number a larger it encompasses as market ofthe size and scale the increase will program Road Silk maritime The region. the in growth tremendous enable FTAs on will focus and interconnectivity, regional increasing infrastructure of maritime establishment investment, of regional encouragement Additionally, ties. economic strengthened and development industrial increased to leading –all diversity and openness inclusiveness, co-operation, Asian enhanced region. Asian the with connectivity assist and of operation countries their in investment infrastructure in participate can globally working leaders businesses Chinese Additionally, goods. of Chinese export for the demand driving and US$$4-5trillion), of assets and wealth have amassed Chinese overseas that estimated Increased focused on maritime exploration, inter- exploration, maritime on focused Increased include Road Silk maritime the of benefits Key

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141 2014 142 2014 博鳌亚洲论坛 Dan MINTZ Dan Dong YU Director and Television and Film Producer Association, YIUMING SHUMING TSUI Panelists SU James Moderator - Cultures: Meets the West the East Forum Cultural Boao 会议摘要 Synopsis ready for them? ready producers Chinese are and industry, film the in trends technological current the are What cultures? bridging at movies today’s are Chinese How effective industry? film Will 2014 be another breakout year for the Chinese Chinese the for year breakout 2014another be Will Reformation Movie of Industry , Founder & CEO, Bona Film Group Group Film &CEO, Bona , Founder , Chinese American Film Festival Film American , Chinese , CEO, DMG Group , Chairman of the Televisioners Kong Hong the of Chairman , was emblematic of this trend. It is only through through It only is trend. of this emblematic was panellists of line-up The cultures. Western and Eastern between cooperation in success more and exchanges more and more seeing we are globalization, economic Panel moderator, James Su, observed that with with that observed Su, James moderator, Panel most recently from screen to internet delivery. He delivery. internet to screen from recently most and 3D, to two-dimensional color, to black-and-white sound, to silent from historically: through passed has industry film the eras consecutive the described Yu Mr. industry. for the era a new heralding industry film Chinese the with cooperating producers and directors international of trend increasing an with 30billion, USD to grow will industry movie Chinese the year, more one within that conceivable is It years. few past the over 20billion USD to nothing basically from grown has which industry movie Chinese of the trend the given of Hollywood those than successful more potentially movies Chinese see will competitor. biggest Hollywood's become to industry movie Chinese the propelling driver, key a is population billion 1.3 China's that suggests Yu Mr. market. the in competition seeing are we and now, quickly very world. the around cultures unite we can that of media new technologies the combining Asked what is the new means of communication, communication, of means new the is what Asked and significant is phase current the that Yu believes developing is industry movie Chinese The learning from others and merging East and West. and East merging and others from learning for prospects the with along future, for the expectations greater expressing in panellists the all for spoke He industry. cinema China's expanding and movies good of production the in investing about confident is he and talent of lot a produces now market China Mainland the career, his of days early the to contrast marked In career. own of his course over the industry film focus. their about clear be to need they but movie every in of these four all cover able to be not may companies Movie humanity. and technology, artistry, production, benefit. for mutual embraced be should and learning worth is technology latter's the and ahead further far is U.S. the technology, this has China Although content. Chinese and Western have both that movies e-commerce. to bricks-and-mortar from experience shopping retail the transformed has it as just industry movie the transform to internet mobile the expects Mr. Tsui revisited the changes in the Chinese Chinese the in changes the Mr. Tsui revisited commercial elements: main have four Movies in result can cooperation that Mr. Tsui hopes

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143 2014 144 2014 博鳌亚洲论坛 , President, China Radio International Radio China WANG, President, Gengnian Moderator Age Digital Innovation and Responsibility Media of in the Roundtable: Leaders Media quality content and a consumer-centric mind-set. Ms. mind-set. aconsumer-centric and content quality for high demand the is changed not has that thing only The changes. behaviour consumer and develops technology as years ten past the in evolving been has age. digital the in groups media among cooperation of and transformation the discuss to Roundtable Leader Media the attended 会议摘要 Synopsis The concept of new media and traditional media media traditional and of media new concept The world over the all from leaders media twenty About mentioned that if the content is valuable, the public the valuable, is content the if that mentioned Pacific, Asia Times of Financial Director Managing Mackay, Angela Ms. agreement, In experience. user the improve how to revolves around media new and traditional between competition of the question core the as zone comfort own its challenge continuously should media The consumers. about all ultimately it's media, of forms different of the irrespective that, highlighted Tencent, of President Vice Corporate Juhuong, Chen pay for premium contents. contents. forpay premium to users educates which model profit the change thirdly, and experience, user the improve secondly, development, content in Firstly, model. invest business sustainable a to transform to practices best some shared Zaobao Comparison. and Consumer, Competition, Culture, Cooperation, Commitment, Communication, strategy: for transformation 7 elements the introduced (P) Ltd. Media New Generation of India Development and Planning of Director Subramaniam, Vanket Narayanam mobile. and internet, media, print TV/broadcasting, integrating by platform media" "multi- a develop to initiatives their shared participants Some model. business the of rethinking a require will it importantly, More of platforms. new development and of technology new adoption the with continuing is media traditional of transformation the However, consumers. to of journalism quality highest the provides it that ensure to itself challenge and refresh constantly should media therefore, for pay it, to willing be will The media industry should take the responsibility responsibility the take should industry media The Lianhe of Editor-in-Chief Teck, Sin Goh Mr. rivals. not are media new and media Traditional between broadcasting stations. broadcasting between costs and of programs sharing the including partnership, the from parties both to benefits significant are there established, was trust the once group, media another with relationship bilateral a build to years take may it while that highlighted Corporation Broadcasting Australian of Director Managing Scott, Mark Mr. etc. personnel of exchange media the and brand, co-developing programs, and of contents sharing including cooperation, of benefits the optimizing to approaches various the on practices best their shared Participants discussed. intensively also level was acorporate at Cooperation cooperation. regional to it comes when conflicts than rather interests common on more focus to need groups media that participants among agreement widespread a was There sharing. information and development program on collaboration for better platform a regional build to need the moved to on then discussion solve. The to efforts cross-regional require but issues, country-level single longer no are problems national some that stressed participants many discussion, the During civilization. and peace regional of promotion the in role key a play to

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145 2014 146 2014 博鳌亚洲论坛 GONG Ke GONG William CO Panelists Principle Minshen, ZHU Moderator Internationalization of Education University Presidents Dialogue: ZHANG Xinsheng ZHANG WANG Gungwu University Jiaotong Shanghai JIANG Sixian Zheng HAN 会议摘要 Synopsis University of Singapore, shared his visions for the for visions his shared Singapore, of University of education. internationalization the on ideas shared universities well-respected Gungwu WANG, Professor at the National WANG, the at Professor Gungwu from leaders discussion, in-depth an In , President, Nankai University University Nankai , President, , Chairman, ICCT Colleges Colleges ICCT , Chairman, , Chairman, BFSU University Council Council BFSU University , Chairman, , Vice Chairman, Shanghai Municipal People’s Congress; Chairman of the University Council, Council, University the of Chairman People’sCongress; Municipal Shanghai Chairman, Vice , , Professor, National University of Singapore of Singapore University National , Professor, , Former Vice Minister of Education Vice Minister , Former , Top Education Institute; Member, Ministerial Consultative Committee Australia Australia Committee Consultative Ministerial Member, , Top Institute; Education essential premise for the topic of internationalization is is of topic internationalization for the premise essential interests. or boundaries national any beyond be should education in development that suggested He universities. of internationalization Professor WANG also commented that the that WANGProfessor commented also internationalization and the preservation of traditional of traditional preservation the and internationalization between relationship the about aquestion to responded efforts. these pursue to technology new utilising been has university their internet, the to thanks but jobs find students helps only not it as priority top a therefore is Internationalisation work. or study to abroad have travelled Philippines of the University the from graduates of the half of this, example an how as and of internationalization a product is Philippines the that thrive. and successfully grow to them enable will this as there from build and value core their find to need Universities respect. and equal are countries and religions cultures, all that respect and acceptance be to needs There staff. and of universities capabilities the rely on and borderless barriers. no knows technology because is This nations. of goal all common the be should which modernization about but globalization about just not is This wisdom. and cultures traditional on reflecting by obtained be can which values, of core consolidation and discovery the GONG Ke, the President of Nankai University, Nankai of President the Ke, GONG highlighted ICCT Colleges CO, Chairman, William be to needs of education internationalisation The stronger. stronger. become and share to states of federations joining are countries examples, as EU NATOthe With and together. better thrive help Universities to needed was cooperation institutions. by education advantages ofdevelopment comparative the finally, and issues; global towards responsibility social country’s individual of an awareness in increase an morality; and ethics with ingrained competitiveness governance; global exposure; international and opportunities of exchange accessibility the in fairness including: on, efforts their focus to for universities relevant highly being as areas five suggested Education, of education. advancement for the essential and understanding deepening a for driver key a fact in is view, diversity dominating one to opposed As sector. education of the development future for the essential are of them exclusive Both be of another. one not should values core of domestic preservation the and cultures of foreign exploration the that stating values In conclusion, all parties agreed that more that agreed parties all conclusion, In of Minister Vice Former the Xinsheng, ZHANG

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147 2014 148 2014 博鳌亚洲论坛 WU Hequan WU TSAI Ming-Kai ROTHSCHILD de Forester Lynn MOLLENKOPF Steve Henry HAN Ken GULLICKSEN Panellists Liang WU Moderator Embracing Era the 4G Mobile of Internet 会议摘要 Synopsis confidential data. data. confidential leaking of risk the increase inevitably will business for personal internet mobile of the use Increased PCs. on those to comparable are that firewalls strong install to difficult it is devices, mobile current in inherent limitations Given behaviour. user and themselves of devices mobile capabilities security – the security mobile in obstacles main two are there that explained Hequan WU Mr. transparent. more information making is technology mobile customers, Chinese for of privacy. protection to it comes when stewards good as act must itself society However, society. for beneficial very be will Internet mobile of the introduction the and people’s to imagination, limit no be should there that stressed She potential. growth biggest the hold automation and video mobile that believes She industry. explosive an Internet. mobile by the brought opportunities and growth the about optimistic were 2013.Panellists December in providers telecom to licenses 4G authorizing started finally China Korea, and Japan in that behind lags India and China in 4G of adoption though Even lives. daily our to changes revolutionary bringing is Internet While privacy is one of the biggest concerns concerns biggest of one the is privacy While is Internet mobile that out pointed Rothschild Ms. for mobile of technology 4G advancement The , Deputy Editor-in-Chief, Economy & Nation Weekly &Nation Economy Editor-in-Chief, , Deputy , Founder & CEO, Viva Mobile Media &CEO, Viva Media Mobile , Founder , Academian, China Academy of Engineering of Engineering Academy China , Academian, , Chairman, Media Tek Media Inc. , Chairman, , COO, Evernote , CEO, Qualcomm , CEO, Qualcomm , CEO, E.L. Rothschild Rothschild , CEO, E.L. is going to have a great impact on our daily lives. daily our on impact have agreat to going is technology internet mobile 4G that agreed panellists All challenges. and opportunities vast created already has 4G China, in coverage 4G full and complete implement to time take will it Although complementary. be should needed. is industry telecom the in competition fair More demands. and needs consumers’ satisfy cannot China in offered as 4G that noted HAN Mr. income. household average to relative high still is technology 4G of cost The factor. key the remains affordability that stressed TSAI Mr. China, in technology 4G of devices. other with interaction well as as data online to access unlimited have almost to them enables 4G since for developers opportunities huge are there that out pointed Mollenkopf Mr. industries. various in applications also but itself, Internet mobile in only not people’s lives. impact everyday significantly will APP, to addition in 4G, to access Having needed. is Compromise incompatible. are convenience and security Perfect this. prevent not should Security Internet. mobile the with integrated more become In conclusion, technology and its application application its and technology conclusion, In adoption widespread achieve to order in Still, opportunities, multiple creating is technology 4G will life that believes HAN Mr. Nevertheless,

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149 2014 150 2014 博鳌亚洲论坛 Master Xuecheng Master Jixiang SHAN Changle LIU JACQUES Martin Panelists Xingpei YUAN Moderator to Asian Gurus Talking Wisdom: Classical from Inspirations 会议摘要 Synopsis Yuan Xingpei of the State Council’s Central Institute of Institute Central Council’s State the of Xingpei Yuan challenges. today’s to thinking ancient of relevance the of discussion a in joined philosophy and religion A panel of observers with high interest in Eastern Eastern in interest high with observers of panel A , Chairman and Chief Executive Officer, Phoenix TV Phoenix Officer, Executive Chief and , Chairman , President, the Palace Museum Palace the , President, , President of the Central Institute of Chinese Culture and History, State Council, PRC Council, State History, and Culture of Chinese Institute Central of the , President , Vice President of the Buddhist Association of China, Abbot of Beijing Longquan Monastery of Abbot Longquan Beijing of China, Association Buddhist of the , Vice President , Senior Fellow, Department of Politics and International Studies, Cambridge University Cambridge Studies, International of and Politics Fellow,, Senior Department in the human experience. human the in questions recurring more to shifted then change, climate on focus immediate an with began which topics, and panellists the introduced History and Culture Chinese culture ofEastern preservation and The endurance change climate problems: Contemporary are occurring in East Asia are a dash to modernity amid amid modernity to dash a are Asia East in occurring are regulations. and rules governance excellent and of traditions, protection and culture to commitments development, economic protection, environmental society: Bhutanese of pillars four are There 2012. in US$2,973 was GDP capita per its that fact the despite Asia in one number world and the in of eighth index happiness high a very it has that such selfishness, and of greed traits human common the transcend to seem well. as succeed wouldultimately China problems, these overcome and confronted had cultures Eastern other as just that confidence expressed he pollution, factory-borne with China’s battle Describing nature. toward behavior and interpretations have different all these and sphere, Islamic an and sphere, Hindu a sphere, Confucian a is there as it, like others and question this to answers the hold civilizations and cultures Eastern Professor Jacques observed that the changes that that changes the that observed Jacques Professor who a people as Bhutanese Mr. Liu held the out that suggested TV Phoenix of Changle Liu form. form. European the from different entirely been has experience China’s as inappropriate be to of seems it, face the on which, Europe from form nation-state the adopt to have tended have industrialized that countries Asian Asia. in countries different among common relatively been has phenomenon This tradition. of rejection a Universal values, not universality not values, Universal before ruling the country. country. the ruling before house one'sown rule to necessary it is that advised Liu Mr. perspective, Confucian the from Speaking barriers. these transcend to us allows benevolence and of mercy goddess of the spirit the that replied Xuecheng world. Master the and region, broader the nation, the of one’s one’s self, state, prioritization the family, the about say to had guides ancient our what panellists the such. as him claim to West allowed be not should the and say, to aWesterner not is yet he things relevant has Bible, Jesus the In condition. human the to pertinent very is but Chinese to relevant just not is Confucius that is to be shared by all Professor mankind, Jacques replied In response to a question of whether human wisdom wisdom human of whether aquestion to response In Toward the end of the session, Mr. Yuan asked asked Yuan Mr. session, the of end the Toward

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151 2014 152 2014 博鳌亚洲论坛 Zhang Meng Xiaoming LI Tao Wang Guangqin DING Smejc Jiri YongREN Xuan LIU Yu LIN Yong LI, Wang Ching Clarence LEUNG, Niclas Kvarnstrom Jialiang JIANG Zhirong HU Yicheng HE CHEN Danxia Khairy JAMALUDDIN Leaders Discussion BARNETT Roger SHRIVER Perry Timothy Chuanzhi LIU Commentators RUI Chenggang Moderator: Round Next The Reforms of in Asia Young Roundtable: Leaders 会议摘要 Synopsis , Director and CEO of Netqin Mobile Company Mobile of CEO Netqin and , Director , Director of China Yong of China Group , Director , Head of Student Affairs Department, Central Conservatory of Music Conservatory Central Department, Affairs of Student , Head , CEO of Home Credit Group of, CEO Credit Home , Olympics Champion, Moderator, Singer and Actress and Singer Moderator, Champion, , Olympics , Founder and Director of Yooli.com Director and , Founder , Council Member of Taipei Member Youth, Council Association , President of HU Zhirong Culture Foundation Culture Zhirong of HU , President , CEO of Workshop For Global Youth Leadership Limited of, CEO Workshop For Youth Global Leadership , Director of Desea Investment Holding Group Co. Ltd Group Holding Investment of Desea , Director , Chairman, Lenovo Holdings Lenovo , Chairman, , Assistant Manager of Strategy and Operation Department, Guangzhou Liby Enterprise Group Co Ltd Co Group Liby Enterprise Guangzhou Department, Operation and of Strategy Manager , Assistant , Innitiator and President of Australia-China Youth Cooperation Inc. Youth Cooperation of Australia-China President and , Innitiator , Director & Anchor, China Central Television Central China &Anchor, , Director , Director of Changxin Electronic Technology (shanghai) Co., Technology Ltd (shanghai) Electronic of Changxin , Director , Chairman and CEO of Shaklee Corporation of CEO Shaklee and , Chairman , Advisor to the Chairman of Investor AB of Investor Chairman the to , Advisor , Minister of Malaysia Youth of Malaysia Sports and , Minister , Chairman, Special Olympics Special , Chairman, , Chairman of the Y.Elites Association Ltd. Y.Elites of the Association , Chairman Holdings Corporation, stated that the crises that Chinese Chinese that crises the that stated Corporation, Holdings small. very it is if even bigger something to contributing themselves find they and of purpose, sense great a feeling themselves find can people Young invitation. an is it because resonance has country" your for do you can what but for do you, can country your what not "Ask address. inaugural famous Kennedy's information. of flood the with deal to generation offor youth this challenging be It can crisis. quarter-life to mid-life from earlier, and earlier happening are crises internet, the with that, commented Cooperation, Youth China confusion. and anxiety much also but opportunities, numerous only not facing world's are the youth competition, of increasing era and society changing rapidly a in that means crisis” Liu Chuanzhi, Chairman of the Board, Legend Board, of the Chairman Liu Chuanzhi, F. John President to alluded Shriver Timothy Australia- President, and Founder Johnson, Robert life "quarter of theme discussion roundtable The for new SMEs. SMEs. for new challenges creates city. the This in apartment an owning requires and obtain to difficult is Beijing in Financing entrepreneurs. young many facing crisis the described Yooli.com, Yong,Chairman, Ren today. crises own improvement. continual for strive to but authorities the with fight to not learned he rejected, were grievances Liu's Although grievances. Liu had and manner, controlled a centrally in made were policies the But requirements. leadership's the to according path the pursuing was enterprise his time that At economy. based market a wanted Xiaoping Deng like leaders and economy state-controlled a had China 80's the in Back crises. life own his about anecdote an provided also He heart." our in pursuing are we what is counts that thing one the crises, all Despite society. in of progress evidence is which crisis, having Now you are Mao. of Chairman leadership the 20, weunder were was I "When progress. great of sign a is facing are youth Young entrepreneurs are continuing to face their their face to continuing are entrepreneurs Young

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153 2014