Beijing underscores need for countries to keep to the right path for inclusive development

In his address to the World Economic Forum Virtual Event of the Davos Agenda in 2021, Chinese President Xi Jinping pointed out that the problems facing the world are intricate and complex, and that no country can solve them alone or just to their own advantage. There must be global action, a global response and global cooperation, he stressed. A cold war, hot war, trade war or tech war, antagonism and confrontation are misguided approaches that eventually hurt all countries' interests and undermine everyone's well-being. It is only by upholding multilateralism that the problems can be overcome.

It is consultation and cooperation that are needed, the top Chinese leader stressed, rather than a narrow-minded, zero-sum game mentality. It serves no one's interest to reverse globalization and seek seclusion and decoupling. The experience of the past four years shows that so long as countries pool their wisdom and strengths, and pursue inclusive cooperation to find win-win and all-win solutions, economic globalization remains a historical trend that cannot be reversed, despite the headwinds and setbacks.

In his speech at the World Economic Forum Annual Meeting in Davos, Switzerland, on Tuesday, Vice-Premier Ding Xuexiang highlighted the constancy of China's commitment to multilateralism by recalling a similar message that President Xi delivered to the same event eight years ago.