China’s President Xi Jinping 1st Chinese Leader to Attend Davos WEF

China’s President Xi Jinping 1st Chinese Leader to Attend Davos WEF

China’s President Xi Jinping 1st Chinese Leader to Attend Davos WEF

President Xi Jinping this month will become the 1st Chinese head of state to attend the World Economic Forum (WEF) in Davos.

Xi will take center stage at the Jan. 17-20 forum with China presenting itself as a champion of globalization.

Tuesday, the Chinese Foreign Ministry confirmed Xi’s widely expected attendance at the annual gathering of global political leaders, CEO’s and celebrities in the Swiss Alps.

WEF Executive Chairman Klaus Schwab said he expected Xi to show how China would take a “responsive and responsible leadership role” in global affairs at a turning point in history, with the world needing new concepts to face the future.

“Every simplified approach to deal with the complex global agenda is condemned to fail. We cannot have just populist solutions,” Mr. Schwab told a news conference in Geneva, referring to the rising anti-globalization tide epitomized by Donald Trump’s victory and Britain’s vote last year to exit the EU.

The Chinese president will be in Switzerland from 15 to 18 January for a state visit and to attend the Davos meeting, Foreign Ministry spokesman Lu Kang told a regular press briefing.

He will also visit the United Nations offices in Geneva, and the offices of the World Health Organization (WHO) and the International Olympic Committee, Lu said.

Other global leaders, including WEF regular German Chancellor Angela Merkel and Canadian Prime Minister Justin Trudeau, will not be in Davos this year.

The United States will be represented by Vice President Joe Biden and Secretary of State John Kerry, days before they leave office, and “someone from the transition team representing the Trump Administration”, Mr. Schwab said.

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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