China and Common Prosperity | Lilian Hu | Yamin Xu | Guangzhou Academy of Social Sciences | FCS2021

[ China Prosperity Chat - Sustainability and Better Community with Common Prosperity ]
城市转型、共同富裕、美好城市人文价值的保留

In the late 2021, the The 14th Five-Year Plan of Mainland China promoted the highest long-term development vision 「Common Prosperity」(共同富裕), which it marks a profound concept and ambition to drive higher prosperity among all citizens through comprehensive redistribution of resources for more equitable society. However, what are the underlying principles of development exactly behind the execution and development? How will the grand vision implicate the future social development and its impact on the capital market?

The following China Prosperity Chat sheds light to the official explanation of the grand vision 「Common Prosperity」, its political and economic values and design thinking principles behind, potential positive impacts to the global affairs with the China market and implications to the adjustment and adoption of thinking under such new business normal.

Presenter:
- Ms. Lilian Hu Hongyuan, Associate Professor, Institute of International Studies, Guangzhou Academy of Social Sciences | Mainland China

Moderator:
- Mr. Yamin Xu, China & ASEAN Lead – Urban Transformation Platform, World Economic Forum | Mainland China

[ About Future City Summit Annual Meet 2021 ]

The planet earth, our global society, has been facing a wide range of impacts and consequences that we have never seen before. According to a UN Habitat report released by 2021, 1 in 8 people in the world currently live in slums or experience slum-like conditions in their surroundings. Over the next 15 years, more than 3 billion people (out of 8.5 billion projected population by then) will face similar housing and liveability challenges. Worsening the global urban slum phenomena, the persisting global pandemic has permanently redistributed the global population from dense capital cities and urbanised districts to 2nd & 3rd tier cities and the suburbs. Restricted travel, cordoned geographical areas and domestic lockdown policies across the globe have impacted labour supplies, public finances, social groups dynamics and economic recovery policy, hence the demand for urban technologies, public policies and new normal smoothening urban planning with stronger effective leadership as an integrated global health and economic policy.

Echoing the Green Economy global agenda first coined by Prof. Klaus Schwab of the World Economic Forum, the 6th Annual Future City Summit is being planned with the theme: “Planet Renaissance: Future Lock In Not Lock Down”(“一場地球復興運動”), to be hosted in Hong Kong and Guangzhou City in the Greater Bay Area of the Mainland China, on 15th - 16th December 2021. The simultaneous Future City Summit African Forum will be hosted in a designated city in Africa on 15th December.

The 2-Day 6th Annual Conference of the Future City Summit (“FCS2021”) aims to explore the most pressing development challenges of habitat liveability and sustainability from the perspectives of 1) urban technologies; 2) public policy and governance; 3) lifestyle and humanity; and 4) planet biodiversity and the climate, with a focus on regions including emerging Asia, Africa, Europe and North America. Each regional panel is organised with a global network of partners such as the World Economic Forum, St. Gallen Foundation (Switzerland), the Observer Research Foundation (India), the African Union Youth Advisory Council (Africa) and Our Hong Kong Foundation (Hong Kong SAR).

The annual conference will be hosted in Hong Kong and Guangzhou (live-streamed in Greater Bay) in a hybrid format with estimated 200 nominated delegates, 5,000 live-stream participants and 200,000 digital engagements through social media, from across 50 countries in Asia, Europe, Africa and America, with public policy backgrounds in urban development, real estate, urban technologies (FinTech, ConstructionTech, PropTech, EdTech and others), and related private sector and industry leaders, including senior executives and young professionals. The Annual Conference would be organised through formats including keynotes, panel discussions and regional Forums, along with Key stakeholder roundtables, technology roadshows and city government meetings, namely: Tech For Good Cities Roadshow and the Planning For Good Cities Roadshow respectively, based on the scenarios brought by the flagship Bootcamp Accelerator for Mayor Offices in Southeast Asia (BAMO).

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