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Zhuhai to host World Economic Development Declaration Conference (11/05/03)

   The World Economic Development Declaration Conference (WEDDC), with "equality, honesty, cooperation and development" as its theme, is
to be held on Nov.6 and Nov.7 in Zhuhai, a coastal city in China's southern Guangdong province.
   The WEDDC, co-sponsored by the China International Institute of Multinational Corporations, the Guangdong provincial government,
the Chinese Academy of Sciences and the All-China Federation of Commerce and Industry, will draw delegates from more than 30 countries and regions and 15 international organizations.
Seminars will be held during the two-day event, including a forum on world economic development and enterprise credit and a forum on world economic development and China. The WEDDC will also hold a fair to promote Guangdong, Hong Kong and Macao, all located in the thriving Pearl River Delta.
   More than 10 Chinese ministers are expected to brief participants about China's economic development and investment environment, and conduct face-to-face talks with Chinese and foreign entrepreneurs.
   The World Economic Development Declaration, also known as the Zhuhai Declaration, will be issued at the WEDDC.
   The nine-part declaration will underline interdependence, scientific and technological progress, effective utilization of resources, sustainable development, distribution, competition, funds for economic development and education, and human factors in economic development and education.
   The WEDDC, held against the backdrop of the intensification of economic globalization, would give an impetus to the establishment of the new world economic order and the sustainable economic growth of China and the world, said Cheng Siwei, vice-chairman of the Standing Committee of the Chinese National People's Congress (NPC).
   This is the first time that China had initiated and organized a declaration on world economic development, reflecting the country's active role in dealing with economic globalization, and therefore improving China's status on the international stage, Cheng noted.
   The Zhuhai Declaration showed China's determination and willingness to further integrate with the world economy in the wake of its entry into the World Trade Organization in 2001, said Xiao Lian, a co-drafter of the declaration and a prestigious scholar of the Chinese Academy of Social Science.


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