 Llyr Gruffydd, mae'n gweithio'n gweithio i'ch bod ni'n gweithio'n gweithio'r llaw o'r llawreth fforddol yn Chynydd. Mae'r gweld ei wneud am y twyd i'r gwirionedd Llyr Gweithreifydd, mae'n gweithio'n gweithreifydd yma'r llawr hynny o'r llwg Llyr Gweithreifydd mewn llawr hefyd ar gyfer Chwraus Chwab, i'ch gweithio'r llawr hefyd o'r llawr hefyd yn Davos. Ac y ffordd eich dyfodol yn cyfathol i nhw'r ysgol o'r bydd y bwysig sy'n fydden nhw ymlaen i'w bobl. Mae hi'n meddyl am hyn o wrtho ffreshaf Shwab yna cwymor weithio a rwy'r cymnod o'r Mr Jiang, sy'n cyfrubwysy'r sefydlocu'r bookol o'r Seitech, er rwy'n rhan o stylinech i Ryoedd yng Nghymru, ac mae'n gweithio arол, gennym geratedd na ffreshaf Shwab dwy'r cwestiynau yma yng Nghymru. Maen nhw'n ddwy'n ddweud yn ymddiad cymaint. Rydyn ni'n ddweud am gynnig oherwydd y cyfnodau sydd wedi ffrasilu'r Ysgol Llywodraeth, Felly, mae'n gweld y cyfnod yw'r hyn o'r ysgol yng Nghymru, y dyfodol yma yn gweld y Cymru. Fyddwn i'r ysgol yma yw'r ysgol yma, ac rwy'n bwysig, rwy'n credu'r cyfnod y cyfnod y Cymru. The idea was particularly to show the impact this revolution will have. It will have a disruptive but significant impact on business models, on economies and even on society. Now if I look back three years ago many of the technologies which I described at that time were still considered science fiction and today they have become some to a large extent a common place. Just think of self-driving cars, of blockchain, of artificial intelligence. If I look at the paper this morning at the papers there are so many articles now about the forced industrial revolution. I may mention the World Economic Forum yesterday just published a report looking at the impact of the forced industrial revolution on jobs. It's a very important report, I think it's available for the media, showing that we don't have to be pessimistic providing we take the necessary measures for re-skilling and up-skilling of our labour force now and we don't wait for too long. Now why do they write a second book? The forced industrial revolution is not just happening. The forced revolution has also the potential to address and solve many issues, for example environmental issues and so on. It can be very beneficial for humankind but the forced industrial revolution has also some risks. We don't want to become slaves of robots of algorithm. No, we want to make sure that this revolution serves humanity and in order to do so we have to shape the policies around the forced industrial revolution. We cannot wait until those effects of the forced industrial revolution develop and unfold in a non-controlled way. We need to create frameworks. We also have to create standards in order to make sure that we still can cooperate on a global level in using those technologies. So the whole book is about how can we make sure that we work together on a global level and create the necessary policies to make the forced industrial revolution really beneficial for all people on earth. So that's the purpose and you will find all the details in the book. Fantastic. Before just taking some questions I can just ask Mr Zhang briefly about your experience publishing the book and how successful the initial publication was here in China. Yes, we are very honoured to be able to publish this book. The previous one was also published by us. It was in 2016 and was launched during the WEF forum and it was the bestseller of CITIC. The sales was 150,000 copies and it had a huge effect on the society and this new book. I think it's more detailed in the morning and it covers more areas and it very much concerns a new society that is transforming. Thank you. See out. Sorry I'm going to have to shave my eyes slightly for questions and can I ask when you have a question if you could tell us from where you are and give us your name. That would be fantastic. Lady there first and then question there. We've got a microphone for you coming up. Perfect. Hello, I'm a reporter with CGTN China Global TV Network and my question is about the current US-China trade friction. I wonder what's your assessment of the current US-China trade dispute particularly on the proposed extra tariff on Chinese goods with a value that $200 billion. And US President Donald Trump complained about China's intellectual property protection and its trade imbalance with China. So do you think this is the right approach to reach these goals? Thank you. That's a great question and we have the lady there as well on the front row. Thank you. I'm with China Daily. My question is about the Chinese economic development. How do you comment about the past 40 years reform and opening up strategy in China? And what's your outlook of the futures development based on this kind of strategy? Thank you. I will take the second question first. The World Economic Forum has been associated with China since the beginning of its reform and opening up policy. I came to China the first time and we had our first event in 1979. So we are celebrating 40 years of cooperation. I have witnessed the great ascension of China. It has become the number two and soon it will be the number one economic power in the world. It's just mind boggling what has been achieved in the last 40 years. And I'm sure particularly with its focus on the force industry revolution, China will continue its growth, but it will be more growth of a qualitative nature, fortunately, and not just quantitative growth. Because China has now achieved a level of development which guarantees to large parts of the population the physical existence. So the key will be quality of life and the force industry revolution which is highly recognized by China and its authorities will certainly help to do so. Now, as far as the first question is concerned, of course globalization has benefited the world tremendously in the last decades and particularly in the last 40 years. So context has changed. Today a global trade is not only an exchange of physical goods. We have today, we have e-commerce, we have the issue which you mentioned of intellectual property, we have the issue investments and I could go on and on. So economic exchange has become much more difficult. Now we have to make everything to keep a multilateral and open system and trade wars are certainly at the end a loose, loose and not a win-win situation. So I hope that everybody will recognize that maintaining an open multilateral system is in the interest not of every individual country but of the world as a whole. Thank you. Lady Dan. Thank you. I'm with 21st Century Business Herald. If I remember it correctly, I think the annual meeting of the new champions 2016 also focused on the force industrial revolution as the theme of the meeting. So why two years later we chose this topic as the theme of the meeting again and in the last two years what opportunities and challenges have you seen worldwide for all countries embracing the force industrial revolution. Thank you. I can imagine that even in the coming years directly or indirectly we still will deal with the force industrial revolution. We should not forget it's a major transformation force of the world at the present time. So it's a second transformation force which is the transition from a unipolar to a multipolar world and I should say from a uniconceptual to a much more multi-conceptual world. How do we have differentiation with 2016? 2016 we looked particularly at the technological aspects and we tried to explain what the force industrial revolution is. For example, what can we expect from artificial intelligence? How will blockchain unfold? Now we are much more engaged in the realization of the force industrial revolution and if you look at the theme this year it's mainly devoted to the and the sessions to a large extent are devoted to the impact of the force industrial revolution on society. Thank you. A lady at the front and a gentleman further back. I'm from Jersey on Daily. I want to ask if you can tell me some new information about the third book if you plan to write the third book. I mean I want to know what did you focus on something. Thank you. Thank you. And the gentleman just there. My name is Frédéric Lluyer from CNN Money Switzerland. I'd like to hear you more on how we can make the force industrial revolution serve humanity as you put it. This populist party is rising across the globe. Many people are scared of losing their jobs because as you said that this revolution is disruptive so it creates a lot of uncertainty. So how can we can you give us more insights on how can we master that peacefully I assume that transformation. I could give you now since I have written the book a long lecture but let me just give you some examples. The World Economic Forum will have next week a social impact summit in New York together with the United Nations General Assembly week. And here we have numerous examples of how it's a new technologies can accelerate the implementation and the realization of the SDGs. Again the World Economic Forum just published this week a report on how blockchain can be helpful. And I think we defined 50 or 60 different 50 different ways 50 different ways how blockchain can help in the realization of sustainable development goals. This is one aspect. The second aspect is what does the force industrial revolution actually mean? It means connectivity. And it will allow us those parts of countries or those parts of population which feel left out to connect for example just think of the capability of a combination of distributed energy generation in Africa with solar panels and not using any more big infrastructures combined with 5G. It provides everybody possibly with the access to education, to knowledge, to health services. A third point is the force industrial revolution can be much faster adapted compared to the previous institutions which require in order to be utilized a large infrastructure just think of the creation of a railway system and so on. So it can help to leapfrog. It can help at the moment emerging countries, underdeveloped countries to leapfrog. So such as three concrete examples how this technology can help let's say those who feel left behind or feel disenchanted. But we have to make also sure and that's another answer to your question that we create the necessary skills to ensure that we have the talents which are needed in the force industrial revolution because the force industrial revolution will require different skills, different talents to what is now required. So the educational systems, the professional training systems have to be adapted to the needs of the force industrial revolution and those countries which do it fast and which foresee the need to do so will be the winners. Now coming to your question, I don't know whether you could read my mind. Of course I'm very interested of how the force industrial revolution will impact on the global infrastructure. If we look at the global cooperation today, of course we have institutions, we have mechanisms to deal with the traditional issues, maybe sometimes not in perfect ways and sometimes even in conflictual ways. But if we look at the policies which are needed here, global policies to create standards for the new technologies, to create ethical principles for example for artificial intelligence, to create a cyberspace which is resilient and robust, to create solutions for many global problems like the pollution of our oceans by plastics and I could go on and on. So we have many issues which require global cooperation and for which we do not have yet the necessary mechanism and institutions. And the new book and I, you are the first to hear about it, will have the title Globalisation 4.0 because in order to deal with the issues of the force industrial revolution, we need a revitalized and to a certain extent reshaped global cooperation system. That really is half the press. Lady there. Ni haw yw yw yw yw yw Llywodraeth Cymru? Industrial revolution 4.0, what is the biggest challenge? Can you break them down into different areas? Could you tell us how to solve these challenges? Thank you. We have to be aware that the battle for leadership in the force industrial revolution is also, I would say, heating up the trade discussions at the present moment. It's not just an issue about trade and about exports and imports, it's also a discussion of who will lead the force industrial revolution. Because the force industrial revolution is characterized by the fact that who moves fast and who moves first gets a very special competitive advantage for the future. So what is the best way for China to move ahead? I think it's to mobilize its entrepreneurial, its innovative forces and we have here at this annual meeting and that's very special. We have not only invited the large companies which are the members and partners of the World Economic Forum, we have invited also the startups. And I'm very glad to say that our 400 startups present here, they are the drivers of the force industrial revolution. And out of those 400, 200 are Chinese companies or Chinese entrepreneurs. So creating the necessary innovative and entrepreneurial infrastructure I think is the key short term and long term it's creating the necessary educational systems. We're drawing near to the end of our time. I think we've got time for one more question, gentlemen at the front. I'm from the question about AI, from the economist, and AI can do innovation but it costs a lot of jobs. And for the creating jobs and the costing jobs, what do you say? And anything you want to say for the China young people? I'm convinced if we look at the previous industrial revolutions, for example the transition from agriculture to industry and the transition from industry to service. Always jobs were destroyed, economies speak of creative destruction and this will also be the case this time. But what is different is that the time which is available for this transition will be much shorter than in the previous revolutions. So midterm and long term I'm optimistic that we can replace lost jobs by new jobs and I recommend you very much to read our study which we just published which gives a much more academic and scientific background to the answer to your question in a very detailed form. Short term I think those countries which particularly and such my message to the young generation it is be as entrepreneurial as possible. So countries with a very entrepreneurial innovation driven infrastructure, they will be winners in the age of the foresee this revolution. Thanks everyone for your questions. Thanks for joining us for this book launch. There are copies of the book available at the back should you wish to pick one up. And look forward to seeing you at our next press event later this afternoon. Thank you.