Shanghai, China – Speaking at the World Built Environment Forum’s second Annual Summit in Shanghai next week, Dr. Zhu Min, former Deputy Managing Director of the International Monetary Fund (IMF) and President of the National Institute of Financial Research at Tsinghua University, will identify key emerging concerns in global financial markets and their implications for China’s ambitious ‘One Belt, One Road’ initiative.
In his Summit Address, Dr. Zhu Min will stress the urgency for decision-makers, businesses and investors to help ensure financial stability in a low-growth environment through investment in infrastructure as a key driver for sustainable growth in the Asia-Pacific region.
Prof. Wang Wen, Executive Dean, Chongyang Institute for Financial Studies, Renmin University of China, will also address the Summit, speaking about the geopolitical aspects of ‘One Belt, One Road’ and its implications for the built environment in particular.
The region needs to invest between USD 700 billion and USD 800 billion annually in infrastructure over the next decade. At a time of relative protectionism, ‘One Belt, One Road’ will create new opportunities for trade and investment, benefitting some 4.4 billion people, with a collective GDP of USD 2 trillion.
CBI Member RICS CEO Sean Tompkins commented “The ‘One Belt, One Road’ initiative may prove to be the most significant catalyst for trade growth in our times. The built environment sector can make a unique contribution by delivering infrastructure and real estate projects on schedule and within cost. Skills supply, professional and technical standards, together with appropriate regulation will be the critical ingredients for success”.
Dr Zhu Min leads a distinguished field of thought leaders from the Chinese government, the financial and property sectors as well as regulatory and investment bodies that will headline this year’s summit.
These include: Sir Danny Alexander, Vice-president, Asian Infrastructure Investment Bank (AIIB); Liu Hungchih, Senior Vice President, Strategy & Development, Greater China, AECOM and Kyle Barker, Head of International Development, WeWork.
The World Built Environment Forum is a leading platform for bringing together governments, industry and civil society stakeholders to work collaboratively and ultimately find solutions to issues affecting construction, infrastructure and real estate.
The second Annual Summit in Shanghai follows the successful inaugural Summit in Washington DC last year, at which former US Treasury secretary, Dr. Larry Summers, delivered the keynote address.