Core Viewpoint - The ongoing policy of opening up will continue to drive China's economic growth, albeit in a different manner compared to the past few decades [1][3]. Group 1: Economic Growth and Development - Joseph Stiglitz expresses optimism about China's economic development in a multipolar world [3]. - Stiglitz highlights the significant achievements of China's reform policies over the past decades, particularly in increasing residents' income, large-scale poverty alleviation, and innovation [3][5]. - He predicts that China's GDP will grow by 5% year-on-year in 2024, contributing approximately 30% to global economic growth [5]. Group 2: Policy Recommendations - Stiglitz suggests that China should implement stronger policies to expand domestic demand, especially in healthcare, education, and elderly care, which will see significant demand in the next 20 years due to urbanization [7]. - He emphasizes the importance of maintaining an open international knowledge community to continue learning from other countries [5]. Group 3: Hong Kong's Role - Stiglitz believes that the "One Country, Two Systems" framework provides Hong Kong with greater adaptability and flexibility [7]. - He recommends that Hong Kong diversify its economy to reduce reliance on the financial sector while maintaining effective regulation in finance [7][9]. - Stiglitz identifies education, healthcare, tourism, and innovative research as key development areas for Hong Kong, noting its competitive advantages in these sectors [9].

Core Points - Malaysia officially becomes a BRICS partner country on January 1, 2025, reflecting its strategic consideration to expand multilateral cooperation in a complex international environment [1] - The primary motivation for Malaysia's entry into the BRICS mechanism is closely related to economic benefits, as BRICS countries account for nearly half of the global population and over 30% of the global economic output, providing significant market opportunities for Malaysia's export-oriented economy [1] - By joining BRICS, Malaysia aims to diversify its markets and reduce reliance on traditional Western markets, especially in anticipation of potential trade frictions, thus providing a risk-hedging strategy [1] - Malaysia faces the challenge of achieving complementary and effective cooperation within BRICS due to the varying levels of economic development and industrial structures among member countries [1] Economic Relations - Joining BRICS will further strengthen Malaysia's relationship with China, its largest trading partner and a founding member of BRICS [2] - BRICS countries have been promoting "de-dollarization" and Malaysia intends to participate in currency cooperation to mitigate the impact of dollar fluctuations on its domestic economy [2] - Other ASEAN countries like Thailand and Indonesia are also joining BRICS, and Malaysia plans to leverage its role as the ASEAN chair to facilitate high-level meetings and forums to promote practical cooperation between ASEAN and BRICS [2] Global Positioning - Malaysia's decision to join BRICS reflects its efforts to find a new balance in a multipolar world, emphasizing the importance of multilateral cooperation and flexible diplomacy to address future risks [2] - By utilizing the BRICS platform, Malaysia aims to enhance its international status and influence while seeking new development paths through domestic economic transformation and upgrading [2]