Davos 1: President Xi Jinping says the West should help to fix the broken “bullet train” of globalization

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Reuters features China’s official Xinhua news agency bulletin on the WEF’s annual forum in Davos which quotes Chinese President Xi Jinping – the first Chinese president to attend a World Economic Forum meeting.

Xi will deliver a speech on the first day of the forum promoting a message of “inclusive globalization” Chinese officials said on Wednesday.

He has said that the “bullet train” of globalization is broken and the West is obliged to help fix it. Xinhua adds, “It is both the West’s moral obligation and (only) feasible choice to turn the tide and work with the developing world – to make painstaking reforms on domestic and global governance systems for a fairer world – if they want to keep their interests and competitiveness intact”.

Xinhua also hit back at those within the developed world who say emerging economies are stealing jobs and resources, commenting: “These people, also among the biggest beneficiaries of globalization, are only endeavoring for a cozier seat on the irresistible journey of this ‘bullet train’ “.

Days after Donald Trump’s victory, Xi vowed to fight protectionism and push forward with multilateral trade deals.

 

 

 

 

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Posted on January 16, 2017, in Foreign policy and tagged , , , , , . Bookmark the permalink. Leave a comment.

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