This photo taken on March 28, 2024 shows the opening ceremony of the Boao Forum for Asia Annual Conference 2024 in Boao, south China’s Hainan Province. (Xinhua/Guo Cheng)

Ban Ki-moon, chairman of the Boao Forum for Asia (BFA) and former United Nations secretary-general, addresses the opening ceremony of the Boao Forum for Asia Annual Conference 2024 in Boao, south China’s Hainan Province, March 28, 2024. (Xinhua/Guo Cheng)

Li Baodong, secretary general of the Boao Forum for Asia (BFA), presides over the opening ceremony of the Boao Forum for Asia Annual Conference 2024 in Boao, south China’s Hainan Province, March 28, 2024. (Xinhua/Guo Cheng)

This photo taken on March 28, 2024 shows a view of the opening ceremony of the Boao Forum for Asia Annual Conference 2024 in Boao, south China’s Hainan Province. (Xinhua/Yang Guanyu)

A logo is seen at the opening ceremony of the Boao Forum for Asia Annual Conference 2024 in Boao, south China’s Hainan Province, March 28, 2024. (Xinhua/Yang Guanyu)

Journalists are seen during the opening ceremony of the Boao Forum for Asia Annual Conference 2024 in Boao, south China’s Hainan Province, March 28, 2024. (Xinhua/Yang Guanyu)

Kazakh President Kassym-Jomart Tokayev delivers a speech at the opening ceremony of the Boao Forum for Asia Annual Conference 2024 in Boao, south China’s Hainan Province, March 28, 2024. (Xinhua/Guo Cheng)

Samdech Techo Hun Sen, the president of the Supreme Privy Council to the King of the Kingdom of Cambodia, delivers a speech at the opening ceremony of the Boao Forum for Asia Annual Conference 2024 in Boao, south China’s Hainan Province, March 28, 2024. (Xinhua/Guo Cheng)

Nauruan President David Adeang delivers a speech at the opening ceremony of the Boao Forum for Asia Annual Conference 2024 in Boao, south China’s Hainan Province, March 28, 2024. (Xinhua/Guo Cheng)

Sri Lankan Prime Minister Dinesh Gunawardena delivers a speech at the opening ceremony of the Boao Forum for Asia Annual Conference 2024 in Boao, south China’s Hainan Province, March 28, 2024. (Xinhua/Guo Cheng)

Prime Minister of the Commonwealth of Dominica Roosevelt Skerrit delivers a speech at the opening ceremony of the Boao Forum for Asia Annual Conference 2024 in Boao, south China’s Hainan Province, March 28, 2024. (Xinhua/Guo Cheng)

A logo is seen at the opening ceremony of the Boao Forum for Asia Annual Conference 2024 in Boao, south China’s Hainan Province, March 28, 2024. (Xinhua/Yang Guanyu)

Daren Tang, director general of the World Intellectual Property Organization (WIPO), delivers a speech at the opening ceremony of the Boao Forum for Asia Annual Conference 2024 in Boao, south China’s Hainan Province, March 28, 2024. (Xinhua/Guo Cheng)

Andrew Forrest, executive chairman and founder of Fortescue Metals Group, delivers a speech at the opening ceremony of the Boao Forum for Asia Annual Conference 2024 in Boao, south China’s Hainan Province, March 28, 2024. (Xinhua/Guo Cheng)

AstraZeneca CEO Pascal Soriot delivers a speech at the opening ceremony of the Boao Forum for Asia Annual Conference 2024 in Boao, south China’s Hainan Province, March 28, 2024. (Xinhua/Guo Cheng)

Chief Executive Officer of Saudi Basic Industries Corporation (SABIC) Abdulrahman Al-Fageeh delivers a speech at the opening ceremony of the Boao Forum for Asia Annual Conference 2024 in Boao, south China’s Hainan Province, March 28, 2024. (Xinhua/Guo Cheng)

Mathias Cormann, secretary-general of the Organisation for Economic Co-operation and Development (OECD), delivers a speech at the opening ceremony of the Boao Forum for Asia Annual Conference 2024 in Boao, south China’s Hainan Province, March 28, 2024. (Xinhua/Guo Cheng)