Summer Davos – Unity, solidarity and cooperation are the only way to develop

chiny24.com 2 years ago

This week it was worth paying attention to Prime Minister Li Qiang's programme speech (chin. 李强) beginning 14. yearly gathering of the fresh Champions, an event organized by the planet economical Forum in TianJin (天津). The conference is known as the Davos summertime Forum, the summertime edition of the winter forum, organized in Davos, Switzerland.

The slogan of this year's edition: Entrepreneurship: the driving force of the global economy.

When announcing the inaugural speech, Prime Minister Li said, among others:

After passing through the pandemic period, people value direct communication and exchange of views more than before in individual discussion, due to the fact that the pandemic made it hard to meet face to face. Although the pandemic has passed, there are inactive artificial communication barriers that push the planet towards division and confrontation. Diversity and differences between civilizations exist, but alternatively of becoming a reason for alienation, these differences should become a driving force for communication and agreement. Prime Minister Li called on all countries to strengthen dialogue, bridge differences and search consensus to avoid misunderstandings and miscalculations.

He stressed that the pandemic has shown people that, in the face of a global crisis in today's planet full of interconnectedness and dependence, all countries are exposed to the negative effects of specified events, no country can solve all problems alone. “Unity is the only way.” A pandemic will not be the last global crisis. The planet faces climate change, debt risk, slowdown in economical growth and a increasing wealth gap. From there, solidarity and cooperation between countries should be strengthened in order to address problems and meet global challenges. There's no another way.

Following the experience of different returns in the global economy, openness and cooperation should be maintained. According to Li Qianga, economical globalisation is simply a historical trend, and the accelerated improvement of digital technology, artificial intelligence and another fresh technologies has created more favourable conditions for this globalisation. “The planet should not and cannot go back into isolation and isolation.”

Li explicitly opposed the strategy of “reducing dependence, removing risk” (decoupling and de-risking). He called these concepts false pseudo-proposals. Globalisation has made the planet interdependent, but has besides benefited related countries. China powerfully opposes politicising economical and commercial issues and calls on the planet to cooperate to guarantee more fluid global supply and industrial chains. Discard the zero-sum mentality and return to the right way of cooperation. Globalisation has made the global economy a community of “you in me” and “me in you”, the national economies are interlinked, interdependent, complementary and jointly developing, “which should be a good thing alternatively than a bad thing”, stressed the Prime Minister. “Together, we let each another to succeed.”

If economical or industrial risks arise, they should be assessed by companies, by business. They should have the most to say in this field. Businesses should be allowed to make good judgement and choice. specified decisions should not be dealt with by governments or their agendas, which exceed their limits of competence, politicise, ideologie the subject of hazard reduction.

Prime Minister Li repeatedly utilized the word “security” in his speech as a key concept in the context of the request for “peacekeeping and stability”. This is an highly crucial issue for all countries in the world. Peace and stableness should be further valued in the face of unrest caused by current conflicts. They are the basic conditions for development, happiness of the inhabitants of all parts of the world. The planet now needs better, more efficient communication, cooperation alternatively of confrontation, openness alternatively of isolation and peace alternatively than conflict.

The Prime Minister concluded that he was certain that China had the capacity to accomplish a sustainable and sustainable improvement of its economy. Its government is ready to support the marketplace economy and free trade to steer economics towards greater integration, strengthen its resilience to crises and sustainable development. China will take more pragmatic initiatives to increase the possible of home demand, activate marketplace dynamics and drive the economy in the long term. The mediate State will proceed to supply strong growth and recovery in the world.

Prime Minister Li is convinced that China will scope this year's growth mark of around 5%. He promised that China would gradually open up and make even more friendly conditions for abroad investment.

(一) 1. Prime Minister Li Qiang's optimism about China's growth rate and GDP growth in 2023 is besides shared by the largest American banks and financial institutions.

Goldman Sachs expects China's GDP to increase by 5.4% this year,
UBS by 5.2%,
Bank of America by 5.7%,
JPMorgan by 5.5%,
Nomura by 5.1%,
Standard Chatered by 5.4%.

The planet Bank is forecasting an increase of 5.6% in Chinese GDP. global Monetary Fund by 5.2%.

For information, according to Standard & Poor’s (S&P) ranking agency, GDP in Poland will increase to 1.1% this year.

(二)2. The Davos summertime Forum in TianJin was held from 27 to 29 June in an open format, for the first time in 3 years. It was attended by over 1500 participants, business leaders, global corporate heads, scientists, experts, government representatives from 90 countries.

The largest delegation came from Saudi Arabia: 6 ministers and 1 deputy minister, a full of 24 people.