The aerial photo taken on March 18, 2016 shows the Boao Forum for Asia (BFA) International Conference Center in Boao, south China's Hainan Province. Boao Forum for Asia (BFA) Annual Conference will be held here from March 22 to 25.

The 2016 annual Boao Forum for Asia will soon begin in Hainan province. With the theme “Asia's New Future: New Dynamics, New Vision,” the annual conference will serve as a communications platform to share ideas and visions for the development of Asia.

This year’s conference also marks the 15th anniversary of the Boao Forum’s creation. Conferences from past years have facilitated major contributions to Asian and global economies through integration of resources. The forum also plays a role in boosting communication and cooperation in culture, youth exchange, tourism and more between all parties.

The world economy is in the process of a sluggish recovery, and the Asian economy has not been exempt from challenges. This year’s annual conference will therefore be more important and more watched than ever.

China has supported the forum for years. At the opening ceremony of the conference in 2015, President Xi Jinping proposed to push Asia toward a community of common destiny. This year China will also host the first meeting on Lancang-Mekong cooperation ahead of the conference, during which the heads of China, Cambodia, Laos, Myanmar, Thailand and Vietnam will gather in Hainan to discuss cooperation and regional development.

As 2016 also witnessed the 25th anniversary of the partnership between China and the Association of Southeast Asian Nations (ASEAN), China will do its utmost to foster a closer community by practicing neighborhood diplomacy with amity, sincerity and inclusiveness as its guidelines.

Furthermore, China plans to establish an East Asian Economic Community by 2020, conclude negotiations on the Regional Comprehensive Economic Partnership within the year, and continue talks about the China-Japan-ROK free trade area.

According to the newly completed 13th Five-Year Plan, in the next five years, China will pursue coordinated, green, shared development to usher in a new normal that emphasizes growth quality over speed, and pushes forward supply-side structural reform. China is also devoted to a new round of reform and opening-up, building the Silk Road Economic Belt and the 21st-Century Maritime Silk Road, improving infrastructure connectivity with its neighbors, and increasing capacity in equipment manufacturing.

Between the 13th Five-Year Plan, the G20 summit to be hosted in Hangzhou and the Belt and Road initiative, China’s development is expected to be an important topic during this year’s Boao Forum. Chinese leaders will interpret the new agenda for guests of the forum.

There is every reason to believe that the Chinese economy will be better understood after this year’s forum, and that other countries will gain confidence in China’s potential.