China’s President to Address Economic and Global Issues at 47th WEF at Davos

China’s President to Address Economic and Global Issues at 47th WEF at Davos

China’s President to Address Economic and Global Issues at 47th WEF at Davos

President Xi Jinping will discuss the latest developments in China’s economy and more inclusive globalization during his 1st visit to the Davos Summit.

Vice Foreign Minister Li Baodong told a press briefing Wednesday that Xi’s presence at the 47th World Economic Forum (WEF) annual meeting will help the world better understand China’s economic situation and prospects as well as China’s stance on current global problems.

At the invitation of WEF founder and executive chairman Klaus Schwab, Xi will attend the annual meeting in Davos, Switzerland, on 17 January.

It will be the 1st time a Chinese president has attended the summit, an influential political gathering. Several Chinese premiers have been present at Davos since Y 1992.

Xi will deliver a speech at the opening ceremony, and hold discussions with Mr. Schwab and guests from business, media and academic circles, Li said.

Li said China will offer perspectives and proposals and exert active efforts to drive economic globalization toward more inclusive development, and expects all parties to have an objective and in-depth understanding of China’s economy.

China opposes trade protectionism, and supports solutions to trade disputes that are sought with an open and inclusive attitude and a reciprocal spirit, Li added.

Xi’s mission in Davos is to “reduce uncertainties” through injecting confidence and solidarity into the international business community, according to Chen Xulong, an expert at China Institute of International Studies.

President Xi will pay his first state visit to Switzerland from 15-18 January, at the invitation of the country’s Federal Council.

While there, he will hold talks with President of the Swiss Confederation Doris Leuthard. In addition, he will meet leaders of the Federal Assembly and talk with representatives from the Swiss economic circle.

The 2 heads of state will witness the signing of several cooperation deals covering politics, free trade, culture, customs, energy and sport, according to Li.

Switzerland’s innovation strength is very attractive to China that is striving for economic restructuring.

Switzerland was among the first European countries to recognize China’s market economy status, a stronger China-Switzerland economic relationship is helpful to China’s ties with Europe

Stay tuned…

 

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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