China has urged the western governments to “abandon the Cold War mentality” in favour of strengthening ties to tackle common challenges.
Liu He, Vice Premier of China, said the traditional ways of thinking will not provide effective solutions to climate change or break down barriers against global economic stability.
In a special address at the World Economic Forum in Davos, Switzerland, on Tuesday, Mr Liu mentioned strengthening international co-operation and maintaining world peace 11 times.
He suggested that governments around the world are not doing enough to encourage collaboration.
The politician, one of President Xi Jinping’s most trusted confidants, laid out a three-point plan as he called for a seismic change in approach.
He said Beijing is dedicated to playing its part in advancing international co-operation in a fragmented world — the theme of this year’s gathering.
Firstly, Mr Liu said teamwork is essential to ensure that the effective economic order can be maintained.
“The traditional way of thinking is not the solution,” he said. He added that leaders must “abandon the Cold War mentality” to “build a community with a shared future for mankind”.
“We believe that an equitable international economic order must be preserved by all of us,” he said, and insisted that fair distribution of goods and services and a strong social safety net are essential.
Secondly, Mr Liu said international partners must bang heads to find ways to “strike a good balance between inflation and growth”. China “stands ready to work with all parties” to find solutions to debts incurred by developing nations, he said.
Lastly, he highlighted the need for “common actions” in the fight against climate change.
He pledged China will honour its commitments to the international community and co-operate on the world stage to address the urgent problem.
“We need a global response to climate change,” he said.
China is one of the world's leading polluters and accounts for almost a third of carbon emissions.
The government in Beijing is committed to opening the door to foreign investment even wider, the economic tsar said, and is determined to champion entrepreneurship.
He laid out an optimistic vision for the world’s second largest economy after the battering it has taken from nearly three years of lockdowns, quarantines and strict coronavirus rules.
Despite the upheaval, he said China benefits from “overall financial stability” in what is a volatile atmosphere.
Looking ahead, he said the focus will be on expanding domestic demand, keeping industrial and supply chains smooth, supporting healthy development of the private sector, attracting foreign investment and preventing economic risks.
He said with hard work, Beijing is confident that in 2023 growth “will most likely return to its normal trend and the Chinese economy will see a significant improvement”.
Earlier, Klaus Schwab, chairman of the World Economic Forum, welcomed Mr Liu to the stage and noted that the international community “is eager to understand the next chapter of China’s development strategy both domestically and globally”.
Mr Shwab said this was of particular interest following the Communist Party’s 20th national congress last October.
“We firmly believe that China can and will play an important role and assume a responsible role amid a fragmented world,” he added.
World Economic Forum — in pictures
Ovo's tips to find extra heat
- Open your curtains when it’s sunny
- Keep your oven open after cooking
- Have a cuddle with pets and loved ones to help stay cosy
- Eat ginger but avoid chilli as it makes you sweat
- Put on extra layers
- Do a few star jumps
- Avoid alcohol
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
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ESSENTIALS
The flights
Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.
The hotels
Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.
The tours
A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages.
The specs
Engine: 3.8-litre twin-turbo V8
Power: 611bhp
Torque: 620Nm
Transmission: seven-speed automatic
Price: upon application
On sale: now
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
'Fantastic Beasts: The Secrets of Dumbledore'
Rating: 3/5
Directed by: David Yates
Starring: Mads Mikkelson, Eddie Redmayne, Ezra Miller, Jude Law
Killing of Qassem Suleimani
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
UAE currency: the story behind the money in your pockets
Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
TOURNAMENT INFO
Women’s World Twenty20 Qualifier
Jul 3- 14, in the Netherlands
The top two teams will qualify to play at the World T20 in the West Indies in November
UAE squad
Humaira Tasneem (captain), Chamani Seneviratne, Subha Srinivasan, Neha Sharma, Kavisha Kumari, Judit Cleetus, Chaya Mughal, Roopa Nagraj, Heena Hotchandani, Namita D’Souza, Ishani Senevirathne, Esha Oza, Nisha Ali, Udeni Kuruppuarachchi
Australia tour of Pakistan
March 4-8: First Test, Rawalpindi
March 12-16: Second Test, Karachi
March 21-25: Third Test, Lahore
March 29: First ODI, Rawalpindi
March 31: Second ODI, Rawalpindi
April 2: Third ODI, Rawalpindi
April 5: T20I, Rawalpindi
The National in Davos
We are bringing you the inside story from the World Economic Forum's Annual Meeting in Davos, a gathering of hundreds of world leaders, top executives and billionaires.
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PROFILE OF SWVL
Started: April 2017
Founders: Mostafa Kandil, Ahmed Sabbah and Mahmoud Nouh
Based: Cairo, Egypt
Sector: transport
Size: 450 employees
Investment: approximately $80 million
Investors include: Dubai’s Beco Capital, US’s Endeavor Catalyst, China’s MSA, Egypt’s Sawari Ventures, Sweden’s Vostok New Ventures, Property Finder CEO Michael Lahyani
THE APPRENTICE
Director: Ali Abbasi
Starring: Sebastian Stan, Maria Bakalova, Jeremy Strong
Rating: 3/5
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