The 8th Hongqiao International Economic Forum: Upholding the Multilateral Trade System and Improving Global Governance.

The eighth Shanghai International Economic Forum, with the sub-forum "Global Trade Restructuring and WTO Reform", was held yesterday afternoon in Shanghai. Senior officials, authoritative scholars, and industry representatives from both domestic and foreign economic and trade fields analyzed the root causes of current trade turbulence and proposed practical solutions for global trade restructuring and WTO reform. Participants pointed out that currently, the international economic and trade order is facing serious challenges, with unilateralism and protectionism on the rise, bringing uncertainty and instability to global economic development. The multilateral trading system with the WTO at its core provides stable and predictable institutional guarantees for global trade, and strengthening the authority of the multilateral trading system is in the common interest of all parties.