On May 22, 2022, participants walk outside the WEF 2022 Annual Meeting of the World Economic Forum in Davos, Switzerland. The more the headwinds are, the more the world needs to unite, President Xi Jinping stated in his video address at the Global Trade and Investment Promotion Summit last week.
Greater cooperation and coordination are necessary to bring an end to the COVID 19 epidemic, increase trade and investment, unleash the power of innovation in development and improve global governance.
Xi called for countries to embrace a global governance vision that includes extensive consultations, joint contributions and shared benefits, and to choose dialogue over confrontation, to build integration instead of decoupling, and adopt the principles of fairness and justice as the basis for the reform of the global governance system.
The World Economic Forum's Annual Meeting 2022, held in Davos, Switzerland on Sunday to Thursday, offers those attending the event the chance to act on the pertinence of his call for concerted action.
This is the first time that the WEF has hosted an in-person annual meeting in more than two years due to the COVID 19 epidemic, and the opportunity for face-to- face consensus-building discussions should not be squandered by the internal frictions in a divided system, which will complicate the problems the world faces.
Collaboration and coordination are imperative, but they are now happening increasingly in two parallel systems that are a US-led club and a non-US club.
The challenges are grave and multiplying. The global economic recovery is unstable, uncertain and unbalanced, as well as the effects of the Pandemic and biodiversity loss. Debt risks are building up, and climate change and biodiversity loss are existential threats that can no longer be ignored. There are only a handful of troubles that the attendees at the forum are able to chew on, and that is a sm rg sbord of troubles.
China is doing its best to maintain the stability of the global supply chains and to provide assistance to the less developed countries at a difficult moment, as the world's second largest economy, the largest trade partner of around 120 countries and regions, and the largest investor and foreign investment destination.
China hopes that all countries will realize that they are in the same boat, and in this period of volatility and transformation it is imperative to join hands and uphold peace, development, cooperation and win-win partnership.
Exclusive blocs mean division and confrontation at a time when resources from across the world need to be mobilized to meet the pressing global challenges.