"Open Trade and Security-based Development", a sub-forum at the 8th Hongqiao International Economic Forum in Shanghai, east China, Wednesday gathered distinguished global experts to deliberate on trade openness, supply chain resilience, and global governance.
As an important part of the 2025 China International Import Expo (CIIE), the sub-forum featured prominent scholars, including Nobel Laureate in Economic Sciences Thomas Sargent and Columbia University Professor Jeffrey Sachs.
"The technology that truly 'wins' is the one that is not only more effective to use, but also offers cost-scale advantages, has greater diffusion potential, and empowers other countries, enabling them to innovate more independently. In this regard, I believe China's technology is a kind of spreading technology. From green energy to infrastructure, including AI and the optimization of our entire governance system, China’s technology is empowering other countries," said Jin Keyu, professor from Hong Kong University of Science and Technology.
The 8th China International Import Expo and the Hongqiao International Economic Forum opened in Shanghai on Wednesday, with organizers saying these events demonstrate China's determination to promote high-standard opening up and shared development with the rest of the world.
International economic forum in east China tackles open trade, security-based development
Four Chinese government departments have urged major automakers to resist irrational competition, strengthen management of innovative vehicle designs and research and development testing and validation, and ensure product safety, the Ministry of Industry and Information Technology (MIIT) said Friday.
The call came at a meeting Thursday with representatives from more than 30 major automakers, organized by relevant offices under the MIIT, the Ministry of Public Security, the Ministry of Ecology and Environment, and the State Administration for Market Regulation.
Officials outlined requirements in a draft circular on strengthening the management of innovative vehicle designs and research and development testing and validation, and reported on problems identified during previous supervisory inspections.
The meeting urged automakers to fulfill their primary responsibility for product safety, strengthen compliance, and conduct thorough safety assessments and research and development testing and validation to eliminate potential safety risks.
It also called for truthful and objective marketing, warning against false, exaggerated or misleading claims, promotional activities depicting traffic violations, or messages encouraging drivers to neglect their responsibility for safe driving.
Automakers were also asked to strengthen safety safeguards for intelligent connected new energy vehicles, improve safety assessment and testing management systems, strengthen production conformity assurance systems, and tighten supply chain oversight.
Relevant authorities of the four departments will strengthen coordination, advance a special campaign to improve product quality, release and implement the circular as soon as possible, and accelerate the formulation and revision of relevant standards.
They will also continue inspections of major automakers, deal firmly with companies found to have problems in accordance with laws and regulations, and make their cases public, according to the MIIT.
China urges automakers to resist irrational competition, ensure product safety
