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China: Former Italian official highlights global economic shift to Asia amid move to multipolar world
An Italian economist and former government official has lauded China's commitment to promoting win-win cooperation and underscored the important role of the ongoing Boao Forum for Asia (BFA) Annual Conference 2025 as the Asian continent plays an increasingly bigger role in an evolving multipolar global landscape. Often referred to as the "Asian Davos," the four-day conference, which started in the coastal town of Boao in south China's Hainan Province on Tuesday, has drawn nearly 2,000 attendees from more than 60 countries to participate in more than 50 events. Political and business leaders have gathered to discuss trade, investment and technology, with some of the key topics centering on re-balancing globalization, harnessing Asia's economic growth potential, and enhancing China's cooperation with the world. In an interview with the China Global Television Network (CGTN) on the sidelines of the forum on Wednesday, Michele Geraci, the former undersecretary of state at the Italian Ministry of Economic Development, emphasized there is an ongoing shift as the Asian continent becomes an increasing driver of global economic growth. Amid this trend towards a more multipolar global order, Geraci further hailed China's commitment to delivering win-win cooperation and ensuring mutually-beneficial outcomes for all its partners. Themed "Asia in the Changing World: Towards a Shared Future," this year's Boao Forum serves as a critical platform for fostering regional cooperation, driving global economic growth and strengthening the region's role in global governance amid the current geopolitical tensions and global economic fragmentation. Shotlist: Boao Town, Qionghai City, Hainan Province, south China - March 26, 2025: 1. Interview in progress; 2. SOUNDBITE (English) Michele Geraci, Former Undersecretary of State, Italian Ministry of Economic Development (ending with shots 3-4): "I hope that Western countries [and] Western companies understand that the growth is shifting now to Asia. And we are moving also from a hegemonic unipolar world into a multipolar world. It's more complex. It was easy before, you just have to do business with Germany and the United States, for European [or] for Italian companies, No? Now, no. You have 20 or 30 countries that share certain demand needs and so it's more complex. And with complexity you have opportunity but also difficulties for those who fall behind. So that's why the forum is important to educate people and share. So the people learn and they understand what to do with their own businesses."; Boao Town, Qionghai City, Hainan Province, south China - March 25, 2025 3. Aerial shot of Boao Forum for Asia (BFA) venue; 4. BFA venue facade, fountain, stone of BFA; Boao Town, Qionghai City, Hainan Province, south China - March 26, 2025 5. Various of sub-forum in progress, attendees; Boao Town, Qionghai City, Hainan Province, south China - March 26, 2025 6. SOUNDBITE (English) Michele Geraci, Former Undersecretary of State, Italian Ministry of Economic Development (partially overlaid with shots 7-8): "What China is pushing [is] win-win, not competition. Everyone wins. If Vietnam grows China benefits. If Thailand grows, Vietnam benefits. So you don't have to be the 'number one'. It is a shared benefit. This is the Chinese philosophy: win-win."; [SHOTS OVERLAYING SOUNDBITE] FILE: Guangxi Zhuang Autonomous Region, south China - 2024 7. Containers at port; 8. Aerial shots of containers at port, train running; [SHOTS OVERLAYING SOUNDBITE] FILE: Beijing, China - Date Unknown 9. Various of Tian'anmen Rostrum, Chinese national flag, ornamental column; FILE: Shenzhen City, Guangdong Province, south China - Date Unknown 10. Aerial shots of cityscape. [Restriction - No access Chinese mainland]
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