FBA EAC Delegation Headed by Li Shuobing Participates in the 30th Russian Industrialist Forum

The delegation of the Financial and Business Association of Euro-Asian Cooperation (FBA EAC), headed by President Li Shuobing, took part in the 30th Anniversary International Forum and Exhibition "Russian Industrialist." The event was organized with the support of the Government of the Russian Federation, the Russian Union of Industrialists and Entrepreneurs (RUIE), the Ministry of Industry and Trade of the Russian Federation, and the Government of St. Petersburg.

The business program of the forum encompassed five key areas: technological leadership (including technology transfer and artificial intelligence development), cross-sectoral cooperation, human capital development, the reinforcement of St. Petersburg’s status as the industrial capital of Russia, and the expansion of international cooperation and exports. The centerpiece of the event was a joint plenary session themed "Coordinates-2030," held on October 23, featuring the Coordination Council for Industry under the Russian Ministry of Industry and Trade.

Within the framework of the forum, the 11th Forum of Leading Economists of Russia and China, titled "Russia-China Economic Cooperation: Stability and Friendship in a Changing World," was convened. FBA EAC President Li Shuobing was invited to attend the event as an honorary guest.

A central theme of the discussions was structural transformation and the transition toward the joint development of Russia and China amidst a changing global economy. Participants focused on the comprehensive interaction between the two nations within the BRICS+ and Shanghai Cooperation Organization frameworks, collaborative efforts in multilateral intergovernmental associations, and the coordination of endeavors to shape the architecture of international relations. The dialogue encompassed both strategic objectives and practical mechanisms for advancing Russia-China cooperation.

In his address to the delegates and forum participants, FBA EAC President Li Shuobing congratulated Alexander Shokhin on his appointment to the high office of the Presidential Commissioner for Entrepreneurs' Rights in the Russian Federation. He also expressed his gratitude Alexander Shokhin and the Russian Union of Industrialists and Entrepreneurs (RUIE) for their years of fruitful cooperation with FBA EAC, which includes the organization and execution of the annual Eurasian Financial and Economic Forum in Shanghai.

The annual Eurasian Financial and Economic Forum in Shanghai traditionally focuses on four key pillars: financial investments, innovation and technology, modern manufacturing, and humanitarian and cultural exchange.

This year, the forum witnessed the official opening of the Eurasian Countries Cultural and Artistic Exchange Center. The establishment of this center marked a significant milestone in developing humanitarian ties and clearly demonstrated the importance of cultural interaction in strengthening economic cooperation.

Furthermore, the upcoming forum is expected to address the establishment of the Eurasian Development Fund and the creation of a joint higher school of economics with the participation of leading Eurasian universities.

Special attention in the FBA EAC President’s speech was given to the development of joint innovative projects. As a prime example of mutually beneficial cooperation, Mr. Li Shuobing highlighted the Eurasian Center for Innovative Production, which opened in Shanghai in 2023. Today, the center brings together advanced manufacturing practices, technologies, resources, and expertise from Russia and other countries, creating opportunities for the development and implementation of high-quality products and modern technological solutions. Its activities are aimed at fostering innovative production and strengthening international industrial cooperation, thereby contributing to the sustainable development of the economy and society.

The forum participants were also welcomed by Luo Zhanhui, Consul General of the People's Republic of China in St. Petersburg. In his address, he noted that hosting the Forum of Leading Economists of Russia and China within the framework of the 30th International Forum and Exhibition "Russian Industrialist" underscores the relevance of further developing mutually beneficial Russia-China cooperation in the industrial, manufacturing, and investment sectors.

During his speech, Li Shuobing expressed his gratitude to Andrey Denisov, Chairman of the Federation Council Committee on International Affairs, for his contribution to strengthening Russia-China relations in the political, economic, and humanitarian spheres.

Special words of appreciation were extended to Igor Maksimtsev, Rector of St. Petersburg State University of Economics, for the high level of organization of the Forum of Leading Economists of Russia and China. Hosting such events serves as a continuation of the long-standing cooperation between the universities of the two countries and promotes the expansion of academic and expert exchanges.

The ceremonial part of the forum featured the conferral of an honorary doctorate robe and diploma from St. Petersburg State University of Economics upon Andrey Denisov. In his acceptance speech,  Andrey Denisov emphasized that the necessity of cooperation between Russia and China is driven not only by economic interests but also by objective strategic factors. In the context of a changing international environment, bilateral relations take on particular significance, serving as a stabilizing factor and a model of equal partnership in the emerging multipolar world

The ceremonial proceedings concluded with the presentation of a Candidate of Economic Sciences diploma to FBA EAC President Li Shuobing. Expressing his gratitude to the participants and organizers of the forum, Mr. Li Shuobing emphasized that it is particularly crucial today to build effective relationships between Russia and China across all key areas: science, education, economy, and industry. A comprehensive approach that unites business partnership, scientific exchange, and humanitarian cooperation lays the foundation for sustainable development and the further strengthening of ties between Russia and China..