Globalization Under Threat: Insights from the Boao Forum

Huang Yiping, a central bank advisor and professor at Peking University, highlighted the benefits of globalization for Asian countries, including China, at the Boao Forum. He warned of possible reversals in U.S.-led globalization. The Boao Forum, Asia's World Economic Forum equivalent, is happening in Hainan, China.

Huang Yiping, a notable advisor to China's central bank and a respected professor at Peking University, emphasized the substantial benefits many Asian countries, especially China, have derived from globalization. His insights were shared on Wednesday during the Boao Forum.

While addressing attendees, Huang cautioned about the potential for a reversal in the current U.S.-led globalization trends, a scenario that could have widespread implications for global economic dynamics.

The Boao Forum, recognized as Asia's equivalent to the World Economic Forum held annually in Davos, Switzerland, is currently taking place in China's Hainan province, drawing attention from international leaders and intellectuals from Tuesday through Friday.

(With inputs from agencies.)