Finance Center for South-South Cooperation attended the 2019 “Belt and Road” International Digital Forum

Hangzhou, May 18th, 2019 - The 2019 edition of the “One Belt, One Road” International Digital Forum was held in Hangzhou, focusing on the digitalization in an international perspective and industrial opportunities. Around thirty experts from home and abroad delivered speeches and exchange opinions during the forum. Wu Zhong, Director-General of the Finance Center for South-South Cooperation, attended the conference and delivered a keynote speech on “Theoretical Innovation in the New Era of Technology and International Development.”


 


Director-General Wu Zhong said the digitalization is crucial for the “Belt and Road initiative.” Driven by digitalization, the fourth industrial revolution is the frontier trend of science and technology development. The rise of China, represented by the “Belt and Road Initiative,” is a leading edge topic of international development. The rapid advancement of scientific and technological innovation and the tremendous changes in the international development pattern will inevitably usher in the era of theoretical innovation. Corresponding to these two trends, Director-General Wu Zhong introduced the two economic theories of “Six-Industry Theory” and “New Structural Economics” and said that the Finance Center for South-South Cooperation provides a platform for research and practice for theoretical innovation. Also, FCSSC supports through five main functions that are, promoting international capacity cooperation, developing think tank research and consulting, sharing development experience, supporting social innovation incubation, and providing financial services, which helps the development and implementation of the “Belt and Road Initiative.”


 


The forum was jointly sponsored by the China Info100 and Hangzhou Xiaoshan District. It aims to focus on the important role of digitalization in building the “Belt and Road,” conducting in-depth discussions and extensive exchanges, and working together to face the opportunities and challenges of digital transformation, and promote mutual benefit and common development.