Communist Xi pitches for globalisation Davos: Globalisation is a “double-edged” sword” but cannot be blamed for the world's problems, Chinese President Xi Jinping said on Tuesday and pushed for greater role for emerging economies in governance of global institutions.
Sending out a clear message amid rising concerns over protectionism, he said “nobody will emerge as a winner in a trade war”.
Stating that some people blame economic globalisation for the problems, Xi said many of the issues facing the world are not caused by it.
However, he added that “economic globalisation is a double-edged sword”.
Participating in the WEF Annual Meeting for the first time, Xi said there are global challenges like terrorism and refugee issues and many people are wondering what has gone wrong with the world.
