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Wednesday, January 11, 2017, 12:54

China's Xi to promote inclusive globalization at Davos

By Reuters

BEIJING – China's President Xi Jinping will seek to promote "inclusive globalization" in his keynote speech at the World Economic Forum (WEF) in Davos, Switzerland, later this month, China's foreign ministry said on Wednesday.

"Economic globalization is facing resistance," Vice Foreign Minister Li Baodong said at a briefing on Xi's Davos visit.

Beijing will respond to the international community's concern over globalization by putting forward China's opinions on how to steer economic globalization towards greater inclusiveness

Li Baodong, Vice Foreign Minister, China

Beijing will respond to the international community's concern over globalization by putting forward China's opinions on how to "steer economic globalization towards greater inclusiveness", he said.

This year's forum, from Jan 17-20, is expected to be dominated by discussion of an outbreak of public hostility towards globalization and US President-elect Donald Trump, whose tough talk on trade, including promises of tariffs against China and Mexico, helped win him the White House. Trump will be sworn in on Jan 20.

Li said criticism of trade protectionism leveled at China, by Trump and others, was unjust. "Trade protectionism will lead to isolation and is in the interest of no one," he said.

"Channels of communication are open" between China and Trump's transition team at the forum, Li said, but warned that scheduling a meeting might be difficult.

READ MORE: Xi to be 1st Chinese president to join WEF

Xi's attendance at the Davos forum on Jan 17, part of a three day state visit to Switzerland from Jan 15 to 18, makes him the first Chinese president to attend the forum.

Other global leaders, including WEF regular German Chancellor Angela Merkel, and Canadian Prime Minister Justin Trudeau, will not attend this year's Davos forum.

European Commission President Jean-Claude Juncker was also absent from the line-up published on Tuesday, but there were many presidents, prime ministers and central bankers among the 3,000 participants, which includes 1,800 executives from 1,000 companies.

The United States will be represented by Vice President Joe Biden and Secretary of State John Kerry, days before they leave office, as well as someone from the Trump transition team, the WEF said on Tuesday.

 
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