Overview
- Prime Minister Lawrence Wong, speaking Thursday at the Boao Forum in Hainan, urged China to back open, rules-based trade and to help set standards for digital commerce and AI.
- Mr Wong called for flexible “plurilateral” deals such as CPTPP and DEPA, and he cited Hainan’s free trade port as proof China can keep markets open despite global tensions.
- China’s top legislator Zhao Leji promoted a regional security approach based on dialogue and non-interference, and he pledged more market opening and innovation in areas like AI and quantum tech.
- Zhao sought to reassure investors by highlighting a large consumer market and better business conditions, and he flagged upcoming platforms such as the APEC summit in Shenzhen to deepen cooperation.
- The forum drew about 2,000 representatives from over 60 places, with South Korea’s prime minister delivering a video address on innovation and trusted digital governance as wars strain trade and supply chains.