President Xi: There is no point blaming globalization for all problems
The annual meeting of the World Economic Forum has got into full swing in Davos, Switzerland with a keynote speech delivered by Chinese President Xi Jinping on economic globalization.
Addressing the forum on Tuesday, the Chinese president said, ”The voices attacking globalization have laid bare the pitfalls facing globalization and we need to take this seriously."
President Xi insisted that there is “no point” blaming globalization for all the problems facing the world.
He said the flow of refugees from the Middle East and Africa was a global concern but that it was not caused by opening up markets.
The Chinese leader highlighted the need to act proactively and manage economic globalization appropriately so that it would be beneficial to all.
Xi is the first Chinese leader who has attended the annual meeting of political leaders, CEOs and bankers in Davos. His appearance comes as the part the US plays as a force for multilateral cooperation is in doubt following the election of Donald Trump.
The founder of the World Economic Forum Klaus Schwab said Xi's presence in the meeting was a sign of the shift from a uni-polar world dominated by the US to a more multi-polar system in which rising powers like China will have to step up and play a bigger role.
Reports say more than half a dozen senior Chinese government figures will be in Davos this week, far more than in past years. And a large number of sessions are focused on Asia, including one entitled "Asia Takes the Lead."
Xi's appearance comes amid rising tensions between China and the incoming US President Donald Trump, who will be inaugurated on Friday, the final day of the Davos meeting.
Trump has promised to confront China more aggressively on trade. He broke with decades of precedent last month by taking a congratulatory telephone call from the president of Taiwan, which Beijing sees as part of China.
China, the world's top exporter, is heavily dependent on free trade and could be hit hard by a new wave of protectionism.
Crude prices fall on possible ceasefire in Lebanon
Breaking up Google an option being considered by US, report shows
Boycott on Israel helped Arabs revive their economies: Analysis
Rape trials trigger protests against French ‘sexist and misogynistic’ culture
US photographer opens Berlin exhibition with anti-Israel speech
VIDEO | Press TV's News Headlines
VIDEO | US 'non-profit killer’ bill targets pro-Palestinian groups
Explainer: How Yemeni military chased away US aircraft carrier from Red Sea?
French march for women of Palestine
Erdogan: Upholding ICC arrest warrants will restore trust in intl. system
Iran activated new centrifuges in response to IAEA resolution: Parl. speaker
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
