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Xi Jinping Meets with WEF Chairman Klaus Schwab

2018/04/16

On April 16, 2018, President Xi Jinping met with Chairman of the World Economic Forum (WEF) Klaus Schwab at the Great Hall of the People.

Xi Jinping pointed out that, at present, the world economy has showed some positive and sound momentum, but many problems facing the world economy have not been fundamentally addressed. The three major fundamental contradictions, namely lack of kinetic energy for global growth, inadequate global economic governance and uneven global development, which as I pointed out in Davos last year, are still prominent. Recently, the de-globalization trend and protectionism sentiment are on the rise, aggravating risks and uncertainties in world economy. The fourth industrial revolution is thriving, yet it also implies many risks and challenges. There are so many problems and challenges in the world, and it is still necessary to respond through equal consultation and enhancement of multilateral cooperation. History has repeatedly proved that isolation can only lead to a dead-end alley, and that the path will become wider and wider only through openness and cooperation. Major countries bear important and special responsibilities in this regard. As a responsible major country, China is willing to, together with the international community, conduct cooperation in opening up and pursue win-win results through cooperation, in a bid to play a positive role in bringing bright, stable and beautiful prospects to the world and make more constructive contributions. At the just-concluded Boao Forum for Asia (BFA) Annual Conference several days ago, I announced a series of major measures of China to expand opening up. Words must be followed by actions and actions must be taken with resolve. It is China's solemn promise to the Chinese people and the people of the world.

Xi Jinping expressed that the cooperation between China and the WEF has almost synchronized with the process of China's reform and opening up. Both sides should keep up with the times, enhance cooperation, jointly strive to seek new driving forces for the world economic growth, and find out realistic and feasible solutions to address global challenges.

Klaus Schwab expressed that President Xi Jinping's splendid speech at the WEF Annual Meeting last year was unforgettable and widely applauded by the world today. President Xi Jinping's speech at the opening ceremony of the BFA Annual Conference 2018 has once again drawn attention of the world and gained extensive praise. The proposals of President Xi Jinping on building a community with a shared future for mankind and building an open world economy have charted the course for and injected strong impetus into the cooperation and development of various countries in the world against the backdrop that economic globalization and multilateral trade system are facing challenges. The WEF advocates promoting economic globalization and multilateralism, and opposes protectionism and unilateralism. The WEF is proud of the cooperation with China over the past four decades. It stands ready to reinforce long-term cooperation with China in such aspects as supporting the advancement of the "Belt and Road" construction and promoting innovative development, and make joint efforts to enhance the global governance system and push forward the settlement of global issues.

Yang Jiechi, He Lifeng and others attended the meeting.

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