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2 February, 2018 00:00 00 AM
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Creating a shared future, boosting the world economy

BY SHI JIANXUN

The annual Meeting of the World Economic Forum was held in Davos, Switzerland from January 23 to January 26. This year’s meeting was entitled “Creating a Shared Future in a Fractured World.”

A year ago, at both the Davos Forum and the United Nations headquarters in Geneva, Chinese President Xi Jinping delivered the keynote speeches entitled “Jointly Shoulder the Responsibilities of Our Times, Promote Global Growth” and “Building a Community of Shared Future for Mankind”. These addresses aroused widespread concern and resonance across the world. The theme of the Davos Forum 2018 is a continuation of the two speeches given by President Xi Jinping in 2017.

In recent years, the concepts put forward by China of “building a community of shared future for mankind” and the principle of “achieving shared growth through discussion and collaboration” have drawn much attention. China has made new contributions to the world and to economic globalization in terms of new ideas and new impetus.

China has infused new ideas into economic globalization. A year ago, President Xi Jinping came to Davos and the United Nations headquarters in Geneva and made it clear to the world that China opposes protectionism and will lead globalization towards more inclusive development. Over the past year, the idea of building a community of shared future for mankind has been widely accepted by the international community. The phrase has also appeared many times in relevant UN documents and resolutions. This advanced philosophy, which is in keeping with the trend of the times, is extremely inclusive and forward-looking. It transcends nations, states and ideologies. The idea is not only a new concept to reform and improve global governance, but also represents a new direction for globalization and a new idea boosting the global economy.

China has injected new impetus into globalization. The country is actively promoting a new type of globalization and adhering to the principle of open development. It is not only creating conditions for realizing its own prosperity and development, but also contributing to building a community of shared future for mankind.

China is making new contributions to boosting the world economy. In 2017, China’s GDP reached 82.7 trillion yuan, an increase of 6.9 percent over the year before. It contributed about one third of overall global economic growth and played a leading role in the dual recovery of both the world economy and trade.

The world economy is highly interconnected. The historical trend of building a new type of economic globalization that is open, balanced, reasonable, inclusive, and mutually beneficial—as well as a community of shared future for mankind—is unstoppable. (The author is director of the Institute of Finance and Economics at Tongji University. This article is originally published on People’s Daily overseas edition. It is abridged here for use. )

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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