Chinese President Xi Jinping on Tuesday stressed the importance of adapting to and guiding economic globalization and delivering its benefits to all.
Xi made the remarks in his keynote speech to the opening ceremony of the 47th World Economic Forum (WEF) annual meeting in Davos, Switzerland.
In his speech, the Chinese president stressed that blaming economic globalization for the world's problem is inconsistent with reality and unhelpful to solving the problems in hand.
"We need to adapt to and to guide economic globalization, to cushion its negative impact, and to deliver its benefits to all countries and all peoples," said Xi.
President Xi has emphasized the need to act proactively and to manage economic globalization appropriately so as to release its positive impact and to rebalance the process of economic globalization.
"We need to follow the general trend, to proceed from our respective national conditions and to embark on the right pathway of integrating into economic globalization with the right pace; and we need to strike a balance between efficiency and equity to ensure that different countries, different social strata and different groups of peoples all share in the benefits of economic globalization," said Xi.
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