IMF Managing Director Christine Lagarde Delivers Speech at Tsinghua
Ms. Christine Lagarde, Managing Director of the International Monetary Fund, visited Tsinghua University and addressed Tsinghua students on March 23rd. Tsinghua University President Chen Jining had discussions with Ms. Lagarde prior to the speech.
In her speech, entitled “China’s Youth: Global Leaders, Global Citizens”, Ms. Lagarde shared her thoughts on three topics,-- the new 21st century world, how China can make the most of this new world, and the importance of global citizenship.
She noted that there were two defining features of today's new global economy-- the rise of Asia and the power of interconnections.
“Less than fifty years ago, the emerging markets and developing countries accounted for less than a quarter of global GDP. Today, it is half and rising rapidly—very likely to two-thirds of global GDP within the next decade,” said Ms. Lagarde, “Asia, and China in particular, are key drivers of this astounding growth.”
“So a new and exciting future is being forged even as we speak—or perhaps I should say even as we tweet! It is a world of limitless opportunities and amazing potential. We are used to labels that say ‘made in China’. But this world is truly ‘made for China’.” Ms. Lagarde said. She pointed out that China needs to “think services, think inclusion, think green” to make the most of this new world.
“China has already established its leadership position in the global economy. As the country continues to grow, its global leadership will become even more important.” Ms. Lagarde said.
She told the students that they, as future leaders, will be the architects of China’s bright future and heirs of its vast potential. “And as global leaders, you will make a unique contribution not only to China, but to the entire world.”Ms. Lagarde said.