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Friday, January 26, 2018, 22:49
Xi's vision of 'shared future' reverberates in Davos
By Xinhua
Friday, January 26, 2018, 22:49 By Xinhua

Chinese President Xi Jinping delivers a keynote speech at the opening plenary of the 2017 annual meeting of the World Economic Forum in Davos, Switzerland, Jan 17, 2017. (LAN HONGGUANG / XINHUA)

BEIJING - As leaders from all walks of life gather in Davos to discuss how to create "a shared future" in a fractured world, they are moving a step closer to finding a common remedy for the world's ills.

Lighting the way is Chinese President Xi Jinping's vision of "a community with a shared future," which, one year ago, he took to the World Economic Forum (WEF) meeting at Davos, the bellwether of the global economy, and the UN Office at Geneva (UNOG), the cradle of modern multilateralism.

In his UNOG speech last January, Xi called on the international community to jointly make a multi-functional "Swiss army knife" to solve the various problems troubling the current world

Fast forward one year and the idea has appeared in a number of UN resolutions and is the talk of the town in Davos.

"SWISS ARMY KNIFE"

In his UNOG speech last January, Xi called on the international community to jointly make a multi-functional "Swiss army knife" to solve the various problems troubling the current world.

ALSO READ: A year of success since Xi's Davos speech

Analyzing the root causes of the sluggish global economy, Xi pointed to a lack of robust driving forces for global growth, inadequate global economic governance, and uneven global development.

Arousing the economy from its slumbers would require a dynamic, innovation-driven growth model; well coordinated and interconnected win-win cooperation; fair, equitable governance in keeping with the times; and balanced, equitable, inclusive development.

Xi's message on globalization and cooperation struck a chord last year that was echoed at this year's Davos forum by Liu He, a member of the Political Bureau of the Communist Party of China Central Committee and director of the General Office of the Central Leading Group for Financial and Economic Affairs.

As China opens up wider to the outside world, this transition to a new model of development will create huge opportunities for many new industries, said Liu. "It means opportunities for businesses not just in China but across the world."

Michael Moller, director general of the UN Office at Geneva, said Xi's vision was a new movement and new positioning of China that was extremely welcome at a time when the world was fragmented and beset by problems of every kind.

Liu He, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and director of the General Office of the Central Leading Group for Financial and Economic Affairs, gives a speech during the Annual Meeting 2018 of the World Economic Forum (WEF) in Davos, Switzerland, on Jan 24, 2018. (LUO HUANHUAN / XINHUA)

The vision of a community with a shared future has led to a major geo-political shift in the world, with the rest of the global community now following the concept, Moller said.

ACTION FOR A SHARED FUTURE

Key to this shared future is translating the vision into action.

China's economy is the bedrock of global stability and economic expansion, with GDP over 82.7 trillion yuan last year, an increase of 6.9 percent.

READ MORE: Xi's Davos speech: 'Guiding global economic growth'

Through such multilateral cooperation platforms as the G20, BRICS and APEC, China demonstrates a strong preference for an open world economy, making best use of technology and innovation, advancing regional cooperation and FTAs, to bring lasting improvements to people's quality of life.

The Belt and Road Initiative, an infrastructure and trade network connecting Asia with Europe and Africa along ancient trade routes, began life in China, but has delivered benefits far beyond its borders.

Trade between China and countries along the Belt and Road amounted to 7.4 trillion yuan in 2017, an increase of 17.8 percent, outpacing the 14.2-percent increase in China's foreign trade last year.

The strides China has made in poverty reduction have contributed to inclusive global growth, and progress in reform and opening-up has lent much momentum to an open world economy.

As president of the 71st session of the UN General Assembly Peter Thomson said, Xi's vision of the future is "the only future for humanity on this planet."

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