Chinese President Xi Jinping will discuss the latest developments in China’s economy and more inclusive globalization during his first visit to the Davos summit.
Vice Foreign Minister Li Baodong told a press briefing on Wednesday that Xi’s presence at the 47th World Economic Forum (WEF) annual meeting will help the world better understand China’s economic situation and prospects as well as China’s stance on current global problems.
At the invitation of WEF founder and executive chairman Klaus Schwab, Xi will attend the annual meeting in Davos, Switzerland, on Jan. 17.
It will be the first time a Chinese president has attended the summit, an influential political gathering. Several Chinese premiers have been present at Davos since 1992.
Xi will deliver a speech at the opening ceremony, and hold discussions with Schwab and guests from business, media and academic circles, Li said.
Li said China will offer perspectives and proposals and exert active efforts to drive economic globalization toward more inclusive development, and expects all parties to have an objective and in-depth understanding of China’s economy.
China opposes trade protectionism, and supports solutions to trade disputes that are sought with an open and inclusive attitude and a reciprocal spirit, Li added.
Xi’s mission in Davos is to “reduce uncertainties” through injecting confidence and solidarity into the international business community, according to Chen Xulong, an expert at China Institute of International Studies.
President Xi will pay his first state visit to Switzerland from Jan. 15 to 18, at the invitation of the country’s Federal Council.
While there, he will hold talks with President of the Swiss Confederation Doris Leuthard, who took on the rotating one-year presidency for 2017 on Jan. 1. In addition, he will meet leaders of the Federal Assembly and talk with representatives from the Swiss economic circle.
The two heads of state will witness the signing of several cooperation deals covering politics, free trade, culture, customs, energy and sport, according to Li.
The two countries, which forged an innovative strategic partnership during then-president Johann Schneider-Ammann’s state visit to China in 2016, will also discuss cooperation in innovation, Li added.
Wang Yiwei, a professor at Renmin University of China in Beijing, said that Switzerland’s innovation strength is very attractive to China that is striving for economic restructuring.
Switzerland was among the first European countries to recognize China’s market economy status. Wang believes that a stronger China-Switzerland economic relationship is helpful to China’s ties with Europe.