All aboard to fix the
globalization 'bullet train', China's Xinhua says
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[January 13, 2017]
(Reuters) - The "bullet train" of globalization is broken and the West
is obliged to help Chinese President Xi Jinping fix it, China's official
Xinhua news agency on Friday said of the World Economic Forum (WEF)
meeting in the Swiss Alps next week.
Xi will be the first Chinese president to ever attend the WEF's annual
forum in Davos, which brings together top-level political and business
This year's meeting, from Jan. 17-20, is expected to be dominated by
discussion of public hostility toward globalization and the rise of U.S.
President-elect Donald Trump, whose tough talk on trade, including
promises of tariffs against China and Mexico, helped win him the White
Trump will be sworn in on Jan. 20.
"It is both the West's moral obligation and (only) feasible choice to
turn the tide and work with the developing world - to make painstaking
reforms on domestic and global governance systems for a fairer world -
if they want to keep their interests and competitiveness intact," Xinhua
said in an commentary.
The article called the election of Donald Trump, the British vote to
leave the European Union and Italian Prime Minister Matteo Renzi's
resignation "mind-boggling symptoms of (the) current globalization".
Xinhua also hit back at those within the developed world who say
emerging economies are stealing jobs and resources.
[to top of second column]
China's President Xi Jinping looks on before meeting with former
U.S. Secretary of State Henry Kissinger (not pictured) at the Great
Halll of the People in Beijing, China December 2, 2016.
people, also among the biggest beneficiaries of globalization, are only
endeavoring for a cozier seat on the irresistible journey of this 'bullet
train'," it said.
Xi will deliver a speech on the first day of the forum promoting a message of
"inclusive globalization" and will warn against populism, Chinese officials said
"Channels of communication are open" between China and Trump's transition team
at the forum, Chinese Vice Foreign Minister Li Baodong said at a briefing on
Wednesday, but warned that scheduling a meeting might be difficult.
Days after Trump's victory, Xi vowed to fight protectionism and push forward
with multilateral trade deals. Foreign businesses in China have long complained
about a lack of market access and protectionist Chinese policies.
(Reporting by Christian Shepherd; Editing by Nick Macfie)
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