Discussions on wide-ranging topics took place at different sub-forums at the 8th Hongqiao International Economic Forum, which entered its second day on Thursday in Shanghai.
Themed "Opening Up for New Opportunities, Collaborating for a Shared Future", the event is an important part of this year's China International Import Expo (CIIE).
Among the highlights on Thursday was the launch of the World Trade Report 2025 Chinese edition.
Citing projections by the WTO Secretariat, the report indicates that artificial intelligence (AI) is expected to boost the global services trade by nearly 40 percent and global economic growth by 12 to 13 percent by 2040.
At a sub-forum titled "International Cooperation in Protecting IPR and Fighting against IPR Infringement and Counterfeiting," the Global Alliance for Trade in Services (GATIS) released a report on the digital economy innovation and intellectual property development index of major cities in the world, showing continued improvement of Chinese cities such as Beijing, Shanghai and Guangzhou.
At another sub-forum, titled "Compliance and Sustainable Development for Global Manufacturing," experts and scholars discussed topics such as industrial globalization and corporate compliance for Chinese companies' overseas expansion.
Cutting-edge trends and hot topics in smart manufacturing under the new development paradigm took center stage at the sub-forum titled "Intelligent Manufacturing Empowering Chinese Modernization."
At the "Global Drug Safety Governance and Chinese Drug Regulation Innovation" sub-forum, participants focused on the new landscape of pharmaceutical regulation and the high-quality development of the pharmaceutical industry.
The "Forum on Agricultural Sustainable Development in the Global South" provided a platform for all parties to build consensus on sustainable development issues concerning food security and agricultural technology for countries in the Global South.
Sub-forums at 8th Hongqiao Int'l Economic Forum discuss wide-ranging issues
