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Shanghai Forum 2017 - “Asia and the World: New Impetus, New Structure and New Order”

Shanghai Forum 2017 - “Asia and the World: New Impetus, New Structure and New Order”

Shanghai International Convention Center & Fudan University
May 27 – 29, 2017

Opening Ceremony of Shanghai Forum 2017

Korea Foundation for Advanced Studies and Fudan University jointly hosted the 12th Shanghai Forum on May 27 to 29 at the Shanghai International Convention Center and Fudan University under the overarching theme of “Asia and the World: New Impetus, New Structure and New Order”.  Approximately 520 scholars and experts from 60 countries and regions attended the three-day conference.  The total number of presentations made was 345.  Plenary sessions were held in the morning of May 27 and 29.  There were twelve roundtables and sixteen sessions under four panels on May 27 and 28. 

Chey Tae-won, Chairman, SK Group

The opening ceremony was hosted by Chancellor Jiao Yang of Fudan University.  Speeches were given by President Xu Ningsheng of Fudan University, Chairman Chey Tae-won of SK Group(Board Chair, Korea Foundation for Advanced Studies), Director Xu Tao of International Cooperation(Chinese Ministry of Education), and Vice Mayor Weng Tiehui of the Shanghai Municipal Government.

President Xu Ningsheng pointed out that one of the most fundamental changes today is the reordering of the world.  In particular, he said that Asia’s diverse mechanisms undoubtedly face an even more complicated and daunting situation.  The second speaker, Chairman Chey Tae-won talked about how “[businesses] are now experiencing a great wave of changes in their value and their ways of work.  Many enterprises are now changing their priorities from creating economic values to being more socially responsible.”  As for his business group, SK, he said “[it is] our strong belief that a business can only be called a ‘company truly coexistent with the society’ when it produces meaningful results in both of the bottom lines, which is the profit bottom line and social value bottom line.”  Director Xu Tao underscored the importance of think tanks and said that they must be capable of forward-looking and future-oriented research.  He also said universities need to play a bigger role in enhancing global connectivity and people-to-people exchanges.  On behalf of the Shanghai Municipality, Vice Mayor Weng Tiehui stated that Shanghai is committed to promoting its free trade and innovation.

Christopher Pissarides, Nobel Laureate (2010 Economics)

The opening ceremony was followed by keynote speeches.  President Park In-kook of Korea Foundation for Advanced Studies hosted the plenary session and invited four world-renowned leaders to speak.  They were: Abdullah Gul, former President of Turkey; Christopher Pissarides, 2010 Nobel Laureate in Economics; Temir Sariev, former Prime Minister of Kyrgyzstan; Gyorgy Matolcsy, Governor of the Central Bank of Hungary; Huang Renwei, former Vice President, Shanghai Academy of Social Sciences. 

Abdulla Gul, Former President of Turkey

Nobel Laureate Christopher Pissarides gave a talk on the topic of “Work in the Age of Robots and AI”.  He pointed out that China needs to rely on new technology if it plans to continue its current growth rate but explained social inequality may be aggravated due to new technology and artificial intelligence replacing some human work.  Former Prime Minister Temir Sariev of Kyrgyzstan emphasized the philosophy of cooperation, mutual assistance and partnership that should come to the forefront.  Despite protectionist trends that are prevalent in the world today, the only one and the right path is integration, he said.  Governor Gyorgy Maltolcsy of the National Bank of Hungary talked about the 2008 global financial crisis and how Hungary was affected.  He illustrated the unorthodox path that Hungary chose—including structural reforms, burden-sharing with the business community, and tax reforms—enabled a fiscal consolidation which helped the National Bank of Hungary launch a completely new monetary policy and revived its GDP growth.  Dr. Huang Renwei clarified that the One Belt One Road Initiative does not represent a fight for hegemony but a soft power shift.  He said China seeks to build a strong network based on confidence through the One Belt One Road Initiative, which the world could also accept.

Shanghai Forum 2017 VIPs

Twelve roundtables covering international relations, finance, One Belt One Road, social enterprises and other key issues took place in the afternoon of May 27.  Sixteen sessions under four panels (Global Governance; China and the World; Digital Governance; Environmental Governance) were held on May 28. 

A plenary session of keynote speeches and closing ceremony was held in the morning of May 29.  During the closing ceremony, President Park In-kook of Korea Foundation for Advanced Studies and Vice Chancellor Liu Chenggong of Fudan University delivered speeches. 

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