Director general of the United Nations Industrial Development Organisation (UNIDO), Li Yong, has said China’s economic success in recent decades would not have possible without the globalisation that occurred at the same time, reports Leatherbiz.
Delivering a keynote address at a conference in Guangzhou called ‘Understanding China’, Mr Li said globalisation must continue in the years ahead. He said globalisation will “move forward in the era of the new industrial revolution, or Industry 4.0”.
According to Mr Li, the combination of globalisation and Industry 4.0 will provide new opportunities to address challenges such as global inequality and climate change and introduce “a new paradigm of connectivity” and an approach “rooted in equality and fairness”.
He added that he is an admirer of China’s efforts to use globalisation as “a force for good to benefit others, especially developing countries”.