2018年CRI Senior leaders,experts call for accelerating Asian integration

 

Senior leaders and experts are calling for accelerating Asian integration¹ and globalization during the ongoing² Boao Forum³ for Asia. 

A report released by Boao Forum said although there were some good signs for Asia's trade performance in 2017, globalization -- the most important driver of Asia's economic integration -- faces unprecedented⁴ challenges.

Zhou Wenzhong, secretary-general of Boao Forum, said Asia should work out clear policies to deal with the structural⁵ changes of the global value chain and find new and innovative⁶ ways to grow.

"The most important thing is that we want to seek the solutions to the questions of how to promote Asian development, and where the driving force comes from. The development in Asia in recent years has been attributed to innovation and opening up. We will have multiple sessions to solve the issue of how to make Asia move on at such a high speed through innovation and opening up."

The report by Boao Forum shows that with deteriorating⁷ economic growth and growing trade deficits⁸ in the United States and some members of the European Union, the traditional model of Asia's global value chain faces difficulties.

It says new innovations in precise machines, robots, 3D technology and lower resource costs may bring some manufacturing capacities back to the developed countries.

The report also noted⁹ that the United States and EU absorbed 96 percent of the world's total portfolio¹⁰ investment in 2016. 

This pattern of capital flow would expose Asian economies to a high risk of capital flight and higher cost of financing. 

Zhou Wenzhong said that expanding Asia's internal markets is very crucial to sustain the further growth of the global value chain.

He said the Asian economies should spare no efforts to move collectively toward creating an integrated local financial market through determined¹¹ reforms.

Former Filipino President Gloria Macapagal Arroyo¹² expects greater economic integration across Asia.

"At that time I was chairman of ASEAN. I said that we at ASEAN were looking towards greater economic integration with the robust¹³ economies of China, India and Japan. And I share this because now we are 11 years later, and if we look back to what I said then, many of them have come true."

Sudheendra Kulkarni, chairman of Observer Research Foundation, Mumbai, said China's continued reform and opening up will be beneficial to the whole world, following the recent rise of trade protectionism globally.

"To continue on the part of opening up and the part of reforms means two things: One, it is going to help China itself; secondly¹⁴, it will help the world, because now, China has become a major engine of global economic growth. Western countries have become more and more inward-looking. They're becoming protectionist. They're becoming small-minded. And therefore, China saying that we continue on the part of opening up is very good for the rest of the world."

This year's conference runs until Wednesday in Boao, a town in the southern Chinese island province of Hainan.

1 integration   

n.一体化，联合，结合

参考例句：

• We are working to bring about closer political integration in the EU.我们正在努力实现欧盟內部更加紧密的政治一体化。
• This was the greatest event in the annals of European integration.这是欧洲统一史上最重大的事件。

2 ongoing   

adj.进行中的，前进的

参考例句：

• The problem is ongoing.这个问题尚未解决。
• The issues raised in the report relate directly to Age Concern's ongoing work in this area.报告中提出的问题与“关心老人”组织在这方面正在做的工作有直接的关系。

3 forum   

n.论坛，讨论会

参考例句：

• They're holding a forum on new ways of teaching history.他们正在举行历史教学讨论会。
• The organisation would provide a forum where problems could be discussed.这个组织将提供一个可以讨论问题的平台。

4 unprecedented   

adj.无前例的，新奇的

参考例句：

• The air crash caused an unprecedented number of deaths.这次空难的死亡人数是空前的。
• A flood of this sort is really unprecedented.这样大的洪水真是十年九不遇。

5 structural   

adj.构造的，组织的，建筑（用）的

参考例句：

• The storm caused no structural damage.风暴没有造成建筑结构方面的破坏。
• The North American continent is made up of three great structural entities.北美大陆是由三个构造单元组成的。

6 innovative   

adj.革新的，新颖的，富有革新精神的

参考例句：

• Discover an innovative way of marketing.发现一个创新的营销方式。
• He was one of the most creative and innovative engineers of his generation.他是他那代人当中最富创造性与革新精神的工程师之一。

7 deteriorating   

恶化，变坏( deteriorate的现在分词 )

参考例句：

• The weather conditions are deteriorating. 天气变得越来越糟。
• I was well aware of the bad morale and the deteriorating factories. 我很清楚，大家情绪低落，各个工厂越搞越坏。

8 deficits   

n.不足额( deficit的名词复数 )；赤字；亏空；亏损

参考例句：

• The Ministry of Finance consistently overestimated its budget deficits. 财政部一贯高估预算赤字。 来自《简明英汉词典》
• Many of the world's farmers are also incurring economic deficits. 世界上许多农民还在遭受经济上的亏损。 来自辞典例句

9 noted   

adj.著名的，知名的

参考例句：

• The local hotel is noted for its good table.当地的那家酒店以餐食精美而著称。
• Jim is noted for arriving late for work.吉姆上班迟到出了名。

10 portfolio   

n.公事包；文件夹；大臣及部长职位

参考例句：

• He remembered her because she was carrying a large portfolio.他因为她带着一个大公文包而记住了她。
• He resigned his portfolio.他辞去了大臣职务。

11 determined   

adj.坚定的；有决心的

参考例句：

• I have determined on going to Tibet after graduation.我已决定毕业后去西藏。
• He determined to view the rooms behind the office.他决定查看一下办公室后面的房间。

12 arroyo   

n.干涸的河床，小河

参考例句：

• She continued along the path until she came to the arroyo.她沿着小路一直走到小河边。
• They had a picnic by the arroyo.他们在干枯的河床边野餐过。

13 robust   

adj.强壮的，强健的，粗野的，需要体力的，浓的

参考例句：

• She is too tall and robust.她个子太高，身体太壮。
• China wants to keep growth robust to reduce poverty and avoid job losses,AP commented.美联社评论道，中国希望保持经济强势增长，以减少贫困和失业状况。

14 secondly   

adv.第二，其次

参考例句：

• Secondly,use your own head and present your point of view.第二，动脑筋提出自己的见解。
• Secondly it is necessary to define the applied load.其次，需要确定所作用的载荷。