Xi to deliver speech on global economy at virtual forum

BEIJING: President Xi Jinping’s participation in the Davos Agenda event next week is expected to bring more confidence to the world economy ravaged by Covid-19, analysts said.

Xi will make a special address at the five-day virtual Davos Agenda event of the World Economic Forum (WEF), which opens on Monday, Foreign Ministry spokesperson Hua Chunying said on Tuesday.

It will be Xi’s second time participating in the forum as Chinese president following his appearance in January 2017, when he reaffirmed China’s firm stance on promoting economic globalisation.

Xi’s speech was widely hailed by the global community, Hua said, adding that the current international situation was similar to 2017.

“The world economy is still stagnant and challenges are rising around the globe. The international community is expected to reach more consensus at the forum and find solutions, ” she added.

The event will focus on topics such as economic, environmental, social and technological challenges amid the Covid-19 pandemic, the WEF said on Monday.

It will be attended by over 1,500 business and government leaders from more than 70 countries.

Other world leaders taking part include German Chancellor Angela Merkel, French President Emmanuel Macron, Japanese Prime Minister Yoshihide Suga and Indian Prime Minister Narendra Modi.

Klaus Schwab, founder and executive chairman of the WEF, said the need to reset priorities and reform systems had been growing stronger around the world.

“The year 2021 will be a crucial year, when mankind will have to continue to engage in the fight against Covid-19 and the need for more resilient, inclusive and sustainable economies will be more urgent, ” he noted. — China Daily/ANN

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Xi Jinping , Davos Agenda , economy , global , covid-19


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