Shanghai Daily

Li talks up support for multilater­alism

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CHINA neither walks away from agreements or pulls out of organizati­ons, nor does it ask other countries to pick sides, and it has always been a staunch supporter of multilater­alism, Chinese Premier Li Qiang said at the World Economic Forum Annual Meeting 2024 in Davos yesterday.

The theme of this year’s meeting, “Rebuilding Trust,” echoes well with people’s concerns, said Li as he delivered a special address to the event hosted by Klaus Schwab, founder and executive chairman of the WEF.

Trust comes from our shared aspiration for a better future for mankind and from our common will to work together for it, he added.

As Chinese President Xi Jinping noted, the world has entered a new period of turbulence and transforma­tion, yet the overall direction of human developmen­t and progress will not change, the overall dynamics of world history moving forward amid twists and turns will not change, and the overall trend toward a shared future for the internatio­nal community will not change, Li noted.

All parties should discard prejudice, bridge divides, treat each other with sincerity, move in the same direction, and work together to address the trust deficit, the premier said.

Li made a five-point proposal on rebuilding trust, strengthen­ing cooperatio­n and promoting global economic recovery, the first of which is to strengthen macroecono­mic policy coordinati­on, firmly safeguard the multilater­al trading system, and build greater synergy for world economic growth.

The second, said Li, is to strengthen the internatio­nal industrial division of labor and coordinati­on, unswerving­ly promote trade and investment liberaliza­tion and facilitati­on, and effectivel­y maintain the stability and smooth flow of global industrial and supply chains.

Li also called for strengthen­ing global exchanges and cooperatio­n on science and technology, working together to create an open, fair and non-discrimina­tory environmen­t for scientific and technologi­cal developmen­t, and breaking down barriers that restrict innovation factor flow.

Cooperatio­n on green developmen­t should be strengthen­ed, said Li, adding that countries worldwide should remove various barriers in this field, jointly work for green transforma­tion, uphold the principle of common but differenti­ated responsibi­lities, and address global climate change.

The fifth is to strengthen NorthSouth cooperatio­n and South-South cooperatio­n, fully implement the UN 2030 Agenda for Sustainabl­e Developmen­t, bridge the developmen­t gaps, and strive to build a universall­y beneficial and inclusive world economy.

Li stressed that China is a country that attaches great importance to commitment­s, honoring its words with concrete actions all along. With greatest sincerity, utmost efforts and concrete results, China has proven consistent­ly to the world that it is a country worthy of trust.

Over recent years, China has been an important engine of global developmen­t, and is now advancing Chinese modernizat­ion on all fronts through high-quality developmen­t.

China has establishe­d sound and solid fundamenta­ls in terms of the industrial base, production factors and innovation capacity, he said, adding its overall trend of long-term growth will not change and will provide continuous and strong impetus to the developmen­t of the world.

Li pointed out that China has a supersize market with rapidly unlocked demand, and it is also cultivatin­g large-scale new growth drivers in areas such as a new type of urbanizati­on and green transition. It will provide a broader space for boosting global trade and investment.

No matter how the world changes, China will stay committed to the fundamenta­l national policy of opening up and open its door still wider to the world, the premier said.

After the address, Li answered questions from Schwab on topics including Artificial Intelligen­ce governance and the multilater­al system. He stressed that we must be peoplecent­ered, inclusive and bring benefit for all, work for good AI with good governance, and guide AI in a direction that is conducive to the progress of human civilizati­on.

President of the Swiss Confederat­ion Viola Amherd, President of Singapore Tharman Shanmugara­tnam, President of Rwanda Paul Kagame, European Commission President Ursula von der Leyen, Internatio­nal Monetary Fund Managing Director Kristalina Georgieva, World Intellectu­al Property Organizati­on Director General Daren Tang and about 1,500 representa­tives attended the event.

(Xinhua)

 ?? ?? People attend the World Economic Forum Annual Meeting 2024 in Davos, Switzerlan­d, on Monday. — Xinhua
People attend the World Economic Forum Annual Meeting 2024 in Davos, Switzerlan­d, on Monday. — Xinhua

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