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Full Text: Special Address by Chinese President Xi Jinping at the World Economic Forum Virtual Event of the Davos Agenda

2021-01-26 13:51:28 Xinhuanet.com

Chinese President Xi Jinping on Monday delivered a special address via video link at the World Economic Forum Virtual Event of the Davos Agenda.

Chinese President Xi Jinping on Monday delivered a special address via video link at the World Economic Forum Virtual Event of the Davos Agenda.

(Translation)

Let the Torch of Multilateralism Light up Humanity’s Way Forward

Special Address by H.E. Xi Jinping

President of the People’s Republic of China

At the World Economic Forum Virtual Event of the Davos Agenda

25 January 2021

Professor Klaus Schwab,

Ladies and Gentlemen,

Friends,

The past year was marked by the sudden onslaught of the COVID-19 pandemic. Global public health faced severe threat and the world economy was mired in deep recession. Humanity encountered multiple crises rarely seen in human history.

The past year also bore witness to the enormous resolve and courage of people around the world in battling the deadly coronavirus. Guided by science, reason and a humanitarian spirit, the world has achieved initial progress in fighting COVID-19. That said, the pandemic is far from over. The recent resurgence in COVID cases reminds us that we must carry on the fight. Yet we remain convinced that winter cannot stop the arrival of spring and darkness can never shroud the light of dawn. There is no doubt that humanity will prevail over the virus and emerge even stronger from this disaster.

Ladies and Gentlemen,

Friends,

History is moving forward and the world will not go back to what it was in the past. Every choice and move we make today will shape the world of the future. It is important that we properly address the four major tasks facing people of our times.

The first is to step up macroeconomic policy coordination and jointly promote strong, sustainable, balanced and inclusive growth of the world economy. We are going through the worst recession since the end of World War II. 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. We need to focus on current priorities, and balance COVID response and economic development. Macroeconomic policy support should be stepped up to bring the world economy out of the woods as early as possible. More importantly, we need to look beyond the horizon and strengthen our will and resolve for change. We need to shift the driving forces and growth models of the global economy and improve its structure, so as to set the course for long-term, sound and steady development of the world economy.

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