ut is confrontation,” said Solana, who is currently president of the ESADE Center for Global Economy and Geopolitics of Spain.
The senior politician and diplomat expressed concerns over the trade frictions between China and the United States, w
hich have conducted 11 rounds of trade negotiations, but have yet to reach an agreement.
The world’s two largest economies should engage in dialogue on an equal footing, Solana said.
“If they fail to resolve their trade problems, the global economy will start to suffer from this crisis,” he said.
lism are on the rise, a multilateral approach has to be maintained, he said.
Solana praised China’s hosting of the Conference on Dialog
ue of Asian Civilizations, and said this type of event could boost cooperation among different countr
thanks to measures to stimulate innovation, optimize the business environmen
t and public services, and to strengthen opening-up and cooperation in the digital sector.
“China’s high-tech industries, represented by new technologies, new industr
ies, and new products, have maintained rapid growth in recent months,” she said.
According to the commission, output in the high-tech manufacturing sector rose 8.7 percent ye
ar-on-year from January to April, 2.5 percentage points higher than that of industrial output. High-tech ma
nufacturing output was responsible for 13.6 percent of industrial output, 1 percentage point higher year-on-year.
Output of the electronics and communication equipment manufact
uring sector, pharmaceutical manufacturing and aerospace and equipment manufacturing wer
hina’s financial center Shanghai boasts the best business environment in the country, according to a report on China’s urban busi
ness environment index jointly released by the China Strategic Culture Promotion Association, the C
hina Economic Media Association, WANB Institute and YICAI Research Institute.
With an index of 86.73, Shanghai topped the list of Chinese cities with best business environment, followed by the capi
tal city Beijing at 84.63, and then Shenzhen, in South China‘s Guangdong province, at 84.48.
The report evaluates Chinese cities according to five “soft environment” indexes — technological innovation, finan
cing, talent, culture and life — and two “hard environment” indexes, natural resources and infrastructure.