Chinese President Xi Jinping spoke like a visionary in Davos
President Xi Jinping, while addressing during the World
Economic Forum in Davos spoke in defence of the current world economic order.
He supported the idea of broader internationalism and showed his opposition to
the rising tide of inward-looking nationalism. He cautioned against attempts to
prevent the free flow of goods, services, capital and people. He called for
economic protectionism and supported the Paris accord on climate change. He
called for a reform of global economic governance structures, to reflect the
contribution of the emerging and developing countries.
Mr Xi called for more inclusive representation. He spoke
about the dangers posed by mass migration which were the main cause of wars and
conflicts. The developing countries have reaped most of the benefits of
economic mobility, rather than having to deal with the difficulties of
immigration. The post-Cold
War era of open economies has brought unprecedented prosperity and income
redistribution around the world.
No Chinese leader had been so forceful as Mr. Xi was while
speaking about globalisation. China, so far, had not taken up the leadership
role in spite of its economic and strategic power. But the changing world order
has forced China to take up the role. Now all that Beijing is expected to do is
convert its words into action.
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