Changsha announced as host city of East Asia Forum
This year's forum will focus on the 20th anniversary of the "10+3" cooperation platform initiated by the Association of Southeast Asia Nations (ASEAN), Japan and Republic of China.
As the main cooperation channel in East Asia, ASEAN has become a powerful group that endured and survived two financial crises.
"The reason why Changsha been selected as the host city of East Asia Forum mainly lies in its rapid development and opportunities," said Guo Yanjun, director of the Institute of Asian Studies.
"As a financial powerhouse in Central China, Changsha is taking proactive measures to pursue more overseas-bound business opportunities," Guo added. "The forum in particular is an outstanding high-level platform for the city's opening up."
In recent years, Changsha has deepened communication and cooperation with ASEAN countries in such fields as trade and culture. Its long history and rich cultural heritages bestow Changsha with clear benefits for communication and cooperation with ASEAN countries.
"In the field of engineering machinery, high-end manufacturing, agricultural technology and the cultural sector, Changsha shows obvious advantages," Guo said.
This year, the city was honored as the "Capital of East Asian Culture" following its important role as a window for foreign countries to learn more about China.
According to Guo, "Changsha could win wider fame on the international stage after the forum, and attract more business opportunities."
"Branch forums will be catering for the cooperation of small and medium-sized companies, in order to encourage local enterprises to search for international cooperation and market placements."
Guo concluded that Changsha "should make good use of its advantages to contribute to Belt and Road Initiative construction, and play a more active role in international competition."
Source: Changsha Evening News