Chinese President Xi Jinping has addressed the World Economic Summit in Davos. In his first speech since President Biden took office he called on a return to multilateralism. He warned that a “slip into arrogant isolation will always fail.”
“For the first time in history, the economies of all regions have been hit hard at the same time, with global industrial and supply chains clogged and trade and investment down in the doldrums. Despite the trillions of dollars in relief packages worldwide, global recovery is rather shaky and the outlook remains uncertain,” Xi said.
The Chinese president called on governments “to abandon ideological prejudice and jointly follow a path of peaceful coexistence, mutual benefit and win-win cooperation.”
Xi continued his theme of inclusion throughout the address, adding: “To build small circles or start a new Cold War … will only push the world into division and even confrontation.”
Read More : CNN