President Xi Jin Ping gave an amazing speech in Davos yesterday, which
was a rallying cry for global cooperation and integration and finding global
solutions to global
problems.
He reiterated China's support for and continued openness to economic
globalization, including trade as a historical fact that cannot be wished
away. He underscored the many challenges of globalization, especially the
creation of winners and losers, and worsening inequality, but said all these
problems can and should be addressed jointly by the global community.
Governments should pay more attention to securing the economic wellbeing
of losers.
To quote him "Success is secured when people put their heads
together." He also said, "A right path leads to a bright future."
President Xi reaffirmed China's commitment to the climate change agenda.
He said the world economy lacks new sources of growth and that
institutions of global governance are not fit for purpose because they do
not take adequate account of the changing economic dynamics with the
emerging and developing economies of the world. But in his mind, all these
issues can be dealt with through focus on innovation and global action!
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