“It was the best of times, it was the worst of times,” said Chinese President Xi Jinping at the 2017 World Economic Forum. The speech, identifying progress and problems across the globe, set out China’s commitment to building a community of shared future for mankind.
In Xi’s own words
Just blaming economic globalization for the world’s problems is inconsistent with reality and it will not help solve the problems.
The integration into the global economy is a historical trend. To grow its economy China must have the courage to swim in the vast ocean of the global market. If one is always afraid of bracing the storm and exploring the new world he will sooner or later get drowned in the ocean.
Whether you like it or not, the global economy is the big ocean that you cannot escape from.
We should commit ourselves to fostering an open global economy, to share opportunities and interests and achieve win-win outcomes through opening-up.
Pursuing protectionism is like locking oneself in a dark room. Even if the wind and rain may be kept outside, that dark room will also block light and air. No one will emerge as a winner in a trade war.