The World Economic Forum has signed a Memorandum of Understanding (MoU) with the National Development and Reform Commission (NDRC) on behalf of the Chinese government. The document commits both parties to developing deeper collaboration over a period of 10 years.
The World Economic Forum and the NDRC have increased their relationship over the past decade, cooperating closely since 2007 on the Annual Meeting of the New Champions in China, also known as the “Summer Davos”. During this time, the meeting has become the world’s leading event on science, technology, innovation and entrepreneurship, according to the World Economic Forum.
China sent its first delegation to Davos in 1979. The MoU opens a new chapter of deepened partnership across a wide range of strategic priorities. These include improving global economic governance, international cooperation on “Belt and Road” initiatives and green and low-carbon development, as well as technological innovation and preparing for the Fourth Industrial Revolution.
In the MoU, the two sides agree to establish a new collaboration platform, continue to expand the scope of collaboration and increasingly enhance the content of collaboration. Building on the Annual Meeting of the New Champions as the core of that cooperation, the two parties will strengthen ongoing communication and consultation on a range of topics and activities that are critical for China and global sustainable development in the foreseeable future.
“The Forum gathers the world’s insights and builds platforms for public-private cooperation to tackle today’s global challenges in which China’s participation and its valuable experience in opening-up and reform are essential. A deeper cooperation between the Forum and China will be not only a win-win for both of us, but also beneficial for better understanding and collaboration of the international community at large,” said David Aikman, Chief Representative Officer, China, and Member of the Executive Committee, World Economic Forum.
China’s President Xi Jinping and the Forum’s Founder and Executive Chairman Klaus Schwab were witnesses at the signing ceremony, which was held on the first day of the Annual Meeting, with signatures of Xu Shaoshi, Chairman of the National Development and Reform Commission, and Alois Zwinggi, Head of Operations and Resources at the World Economic Forum.