Xi Attends Davos Forum, Charts Globalization

Xi Charts Globalization Course at Davos Forum With Chinese Plan

(Xinhua News Agency, Jan. 18, 2017. Complete text:) Davos, Switzerland - Chinese President Xi Jinping on Tuesday [Jan. 17] laid out his plan to lead global efforts in charting the course of economic globalization.

Xi’s address at the 2017 World Economic Forum (WEF) at Davos, Switzerland beamed the much-needed confidence into the global economy amid grave concerns over rising protectionism and uncertainties in the wake of Brexit and the election of next US President Donald Trump.

Clarifying globalization.

Though economic globalization has created new problems, this is no justification to write economic globalization off completely, said Xi, the first Chinese head of state to attend Davos meetings.

"Rather, we should adapt to and guide economic globalization, cushion its negative impact, and deliver its benefits to all countries and all nations," Xi told the audience led by WEF founder and Executive Chairman Klaus Schwab.

The Chinese president warned that any moves to turn back to protectionism runs against historical trend.

"Whether you like it or not, the global economy is the big ocean that you cannot escape from. Any attempt to cut off the flow of capital, technologies, products, industries and people between economies, and channel the waters in the ocean back into isolated lakes and creeks is simply not possible." said Xi.

"No one will emerge as a winner in a trade war," Xi said.

The president called on the international community to face up to the problems caused by the globalization instead of dodging them.

"In the face of both opportunities and challenges of economic globalization, the right thing to do is to seize every opportunity, jointly meet challenges and chart the right course for economic globalization," he said.

The president pointed out the rise of ...

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