Asia and Europe work together to meet challenges

Editor's note: Xie Fuzhan, president of the Chinese Academy of Social Sciences, delivered a speech at the Asia-Europe Economic Forum, which was held in Brussels, Belgium, on Oct 17-18. Excerpts follow:

The world economy is now in the best period since the international financial crisis, but the potential risks are accumulating: economic growth is not balanced, and the growth of some major economies is not robust; the international economic order is facing grave threats; and the problems in the economic field are extending to social, political and security areas, and so endangering world peace, development and stability.

At present, the challenges facing the world economy mainly include four aspects: