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Boao Forum debates on investment and sustainable development in Asia

Beijing, Mar 27 (Prensa Latina) The debates at the Boao Forum for Asia (FBA), which brings together experts from 60 countries and regions, are focused on investment, sustainable development and challenges of artificial intelligence (AI).

Participants in a sub-forum highlighted the region’s attractiveness for global investments, as well as its potential for economic growth and the development of new industries.

The special session, whose central theme is “Investing in Asia’s Future”, brought together experts, who held in-depth discussions on capital flows in and out of the region.

Shamshad Akhtar, former United Nations Under-Secretary-General, highlighted the crucial role of foreign direct investment (FDI) in Asia’s development, stressing the fact that the most attractive places for FDI are those that promote fair competition in the market, respect sustainable development and the rule of law.

Xu Zhibin, deputy director of China’s State Administration of Foreign Exchange, noted that FDI fluctuations in recent years are normal and China is taking measures to promote regulation, risk management, and development promotion.

The FBA published an annual report on sustainable progress titled “Advancing towards the era of zero-carbon electricity and strengthening green development in Asia”, which highlights significant achievements and challenges on this issue, including the importance of financing for green development.

In another sideline of the forum, focused on technological singularity, specialists discussed the role of artificial intelligence in solving social and scientific problems, highlighted the rapid development of innovative technologies, such as generative AI, and expressed optimism about AI in driving human issues in various fields, from economics to space exploration.