The Boao Forum for Asia (BFA), an annual conference which brings together global leaders from government, academia and business — dubbed as China’s Davos, was held in Boao (Hainan Province, China) from March 26-29, 2024. The theme of this year’s conference was “Asia and the World: Common Challenges, Shared Responsibilities.”
The timing of the BFA was important, it was held at a time when China faces serious economic challenges – this includes drop in foreign direct investment (FDI), property market crisis. FDI into China was estimated at $33 billion in 2023, a significant drop from 2022. January-February 2024 witnessed a nearly 20% (19.9%) year on year dip, in FDI inflows from China, from 2023.
China’s messaging at the Boao Forum
Zhao Leji, who chairs the Standing Committee of the National People’s Congress while speaking at the BFA some of the steps China is…
