Boao Forum chief: Globalization not an abstract concept

More inclusive forms of globalization are vital as catalysts for growth in emerging economies amid a global economic downturn, Secretary-General of the Boao Forum for Asia, Zhou Wenzhong said on Wednesday.

Zhou said the development of globalization had "entered a critical moment."

He said: "All countries need to collaborate to explore inclusive and shared development, especially at a time when the world economy is sluggish."