Cooperation can help island economies cope with challenges

More open and inclusive cooperation among island economies will help the region and even the world to cope better with challenges and prevent systemic risks, according to participants at the Boao Forum for Asia Annual Conference 2018.

The keenly awaited summit brings together hundreds of business leaders, industrialists and experts from the region. Discussions at the forum are expected to provide opportunities for greater regional cooperation and help sustain economic growth in the region, according to participants.

"Openness is the lifeline of economies in the new era, especially the island economies", said Shen Xiaoming, governor of Hainan province, at a panel discussion on Monday at Boao. He was addressing the 21st-Century Maritime Silk Road Islands Economic Cooperation Forum.