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Ambassador Lyu Jian Attended Forum on 70th Anniversary of Founding of People's Republic of China and on "Belt and Road Initiative"

On August 20, Ambassador Lyu Jian attended the Forum on the 70th Anniversary of the Founding of the People's Republic of China and on the ”Belt and Road Initiative” sponsored by the Thailand Young Entrepreneurs’ Association, and delivered a keynote speech. Over 500 people including Mr. Supachai Panitchpakdi, former Thai Deputy Prime Minister and former WTO Director-General, Mr. Banthoon Lamsam, CEO of Kasikorn Bank, and representatives from the economic, business and media sectors of Thailand, as well as overseas Chinese in Thailand attended the event.

With pictures and facts, Ambassador Lyu illustrated the development and important achievements of China over the past 70 years. At the same time, he pointed out that today's world is undergoing changes unseen in a century, with more unstable and uncertain factors. In particular, the United States has unilaterally provoked the trade war against China, which is detrimental to not only others but also itself. It has adversely affected China, the region and the world economy, and increased the risk of economic recession in the United States itself. China's attitude and position on the trade war are firm and clear. China doesn't want a trade war, but is not afraid of one. Bilateral negotiations must be conducted on the basis of equality and mutual respect for each other's core interests. The past one year has seen China's economy maintain steady growth and the majority of the international community remain optimistic about China's development prospects. It is impossible for the United States to solve its own economic problems through trade wars, or force China into submission by imposing maximum pressure. Ultimately, it will have to return to the negotiating table.

Ambassador Lyu pointed out that the reason why China's economy can withstand heavy pressure and maintain steady progress is that China adheres to the supply-side structural reform, and has embarked on a new road featuring high-quality development rather than high-speed growth. Ambassador Lyu gave a vivid explanation of the specific contents and positive deliverables of supply-side structural reform from five key aspects, namely domestic demand, innovation, people's life, real economy and further opening up. He emphasized that the relevant reform is precisely where China's economic strength lies.

Ambassador Lyu pointed out that “people should have a long vision”. China's economy will be better after self-reform and adjustment. China will also stick to the path of open development, further promote high-quality development of Belt and Road Cooperation, and create more opportunities and benefits to Thailand and the region. China and Thailand can strengthen cooperation in regional connectivity, quality improvement, innovation and soft power, and give full play to the spread effect, so as to bring greater benefits to all parties and the people of the region.

Ambassador Lyu also introduced the situation in Hong Kong. He pointed out that the most urgent and overwhelming task of Hong Kong is to stop violence and restore order in accordance with the law. The Chinese government brooks no interference by external forces in Hong Kong's affairs. The Central Government firmly supports Chief Executive Carrie Lam in leading the HKSAR government to exercise law-based governance, supports the Hong Kong police’s solemn enforcement of the law, and supports law-based punishment on violent offenders. China is making great efforts to develop the Guangdong-Hong Kong-Macao Greater Bay Area, and to synergize the Greater Bay Area with the "Eastern Economic Corridor" of Thailand. It is believed that Hong Kong will be able to overcome the difficulties, and the "Oriental Pearl" will shine even brighter.

In their speeches, Mr. Supachai Panitchpakdi and Mr. Banthoon Lamsam expressed their congratulations on the 70th anniversary of the founding of the People's Republic of China. They have borne witness to the miracles of China's reform and opening up over the past 4 decades, and concurred with Ambassador Lyu's views on the current world and China's economy. They believed that despite the challenges, China will succeed in the future by focusing more on quality than on speed. Thailand and other regional countries are also willing to seize the new opportunities brought by the high quality development of China's economy and deepen cooperation with China in different fields, especially in the "Belt and Road".

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