Economic Globalization Oct 26, 2021

Advance of economic globalization

"Four years ago, President Xi Jinping attended the opening ceremony of the world Economic Forum Annual Meeting 2017 at the Davos International Convention Center and delivered a keynote speech in which he stressed the need to unswervingly advance economic globalization and steer it well. President Xi's keynote speech is still of great relevance today." January 24, the World Economic Forum executive director Lee Howell said in an interview.

"President Xi Jinping's propositions on promoting economic globalization are convincing and highly appreciated by the international community," Howell said. He said President Xi jinping's emphasis on building a dynamic growth model, open and win-win cooperation model, fair and equitable governance model, balanced and inclusive development model, and firmly establishing a sense of a community with a shared future for mankind are strong propositions. "These important propositions will be reconsidered at the upcoming 'Davos Agenda' dialogue in the context of more intertwined and converging interests."

The World Economic Forum recently released its Global Risks Report 2021. "There are global risks, such as pandemics, at both the national and local levels. No country can deal with such events alone." Howell pointed out that the most important thing in dealing with global challenges is to work together. Countries should be more inclusive in formulating policies and measures to tackle the epidemic and recover their economies.

"The world faces risks and challenges, and the world is looking to China to play an important role in economic recovery. Some economists predict that China will contribute more than one-third of world economic growth in 2021." Howell said the international community should also pay more attention to China's contribution to a more resilient and sustainable recovery.

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