Summary of Opening Plenary with Xi Jinping, President of the People’s Republic of China
In an ironic twist, China – the world’s largest communist state – now champions free trade.
What a difference a generation makes! In the 1980s, America championed free trade, while China’s doors were closed to foreign investment. In an ironic twist, China has emerged as the guardian of globalization, while US president-elect Donald Trump endorses tariffs and protectionism. At the 2017 World Economic Forum, President Xi Jinping defends globalization while acknowledging its flaws. Peppering his speech with ancient Chinese wisdom and metaphors, Xi offers a to-do list – rather than a how-to list – for improving globalization. Yet he outlines his desired path, which includes plans to open China’s protected industries to foreign investment. getAbstract recommends Xi’s address to global leaders of business and politics: Could 2017 signify a changing of the guard?
In this summary, you will learn
- Why China defends economic globalization despite its flaws,
- How the world must tackle globalization’s shortcomings and
- What plans President Xi Jinping has for China in the short- to medium-term.
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