In this episode, host Zhang Yiyi brings you to the 2025 Global South Financiers Forum held in Beijing.Its theme, Illuminating Global South, highlights the growing influence of emerging economies and their efforts to reshape the global financial order.The Global South now accounts for 80% of global economic growth and 40% of the world’s GDP, yet financial governance structures still favor the Global North.

At this forum, policymakers, economists, and business leaders gathered to explore alternative financing, debt sustainability, and currency diversification.

In this episode, you will hear expert perspectives from Jiao Jie from Tsinghua University on how the Global South’s economic rise is reshaping global finance. Also Insightful conversations with:

David Sumual, chief economist of Bank Central Asia on the role of alternative financing and China’s impact on South-South cooperation;

Marc Uzan, executive director of Reinventing Bretton Woods Committee on the need for financial reform, and China’s role in financial institutions.

Highlights:

• 06:30 - Jiao Jie on the economic transformation of the Global South
• 10:45 - David Sumual on Alternative Financing: How new funding models are reshaping global financial cooperation
• 21:50 - Marc Uzan on Financial Reform: Challenges facing the Global South in the Bretton Woods system
• 34:00 -The future of financial governance in an increasingly multipolar world

This podcast is available on Spotify, Apple Podcast and YouTube. You are also more than welcome to check our newsletter where you can find more in-depth sharings around Chinese economy: pekingensight.substack.com

Music Credits:

• Lesion x - Discovery
• Alex Productions - Christmas Magic
• Pyrosion - Take a Moment