Chinese official calls for joint efforts to foster globalisation
Vice Premier Han says solution lies in building inclusive, open world economy
PHOTO: REUTERS
BEIJING:
Chinese Vice Premier Han Zheng called on the international community to build an inclusive and open world economy and uphold multilateralism in support of economic globalisation.
Han was delivering a speech titled ‘Work Together for an Open World Economy and Sustainable Global Development’ at the 50th annual meeting of the World Economic Forum (WEF).
At the 2017 WEF annual meeting in Davos, Chinese President Xi Jinping delivered a historic speech and expressed firm support for economic globalisation, a message that resonated far and wide, Han said.
Han noted that economic globalisation is “a trend of history, an essential condition for productivity growth and a natural result of the advance in science and technology,” adding that it is also “a strong driving force behind economic growth across the globe.”
To resolve the difficulties and problems in economic globalisation, the fundamental solution lies in building an inclusive and open world economy together, and the key lies in upholding multilateralism, Han said.
“Unilateral and protectionist practices, which run counter to the global trend, will lead to nowhere and end up hurting everyone’s interests,” he added.
Han called on all countries to demonstrate greater courage, stay committed to equal-footed consultation and tide over difficulties together. “We should make economic globalisation more open, inclusive, balanced and beneficial for all” so that, “people of all countries will be able to share the benefits of economic globalisation and global growth,” he said.
China has embraced economic globalisation, pursued development with its doors open, and succeeded in transforming a closed and semi-closed economy into a fully open economy, Han noted.
This article originally appeared on the China Economic Net
Published in The Express Tribune, January 23rd, 2020.
Chinese Vice Premier Han Zheng called on the international community to build an inclusive and open world economy and uphold multilateralism in support of economic globalisation.
Han was delivering a speech titled ‘Work Together for an Open World Economy and Sustainable Global Development’ at the 50th annual meeting of the World Economic Forum (WEF).
At the 2017 WEF annual meeting in Davos, Chinese President Xi Jinping delivered a historic speech and expressed firm support for economic globalisation, a message that resonated far and wide, Han said.
Han noted that economic globalisation is “a trend of history, an essential condition for productivity growth and a natural result of the advance in science and technology,” adding that it is also “a strong driving force behind economic growth across the globe.”
To resolve the difficulties and problems in economic globalisation, the fundamental solution lies in building an inclusive and open world economy together, and the key lies in upholding multilateralism, Han said.
“Unilateral and protectionist practices, which run counter to the global trend, will lead to nowhere and end up hurting everyone’s interests,” he added.
Han called on all countries to demonstrate greater courage, stay committed to equal-footed consultation and tide over difficulties together. “We should make economic globalisation more open, inclusive, balanced and beneficial for all” so that, “people of all countries will be able to share the benefits of economic globalisation and global growth,” he said.
China has embraced economic globalisation, pursued development with its doors open, and succeeded in transforming a closed and semi-closed economy into a fully open economy, Han noted.
This article originally appeared on the China Economic Net
Published in The Express Tribune, January 23rd, 2020.