PRESIDENT XI JINPING CALLS FOR AN OPEN WORLD ECONOMY

During meeting with the leaders of major international economic organizations, President Xi Jinping noted that as each economy faces its own set of challenges, it is imperative to build an open world economy through cooperation, drive development through innovation, seize the important opportunities of the digital economy, artificial intelligence and low-carbon technology, foster new sources of economic growth, and support the cross-border flow of knowledge, technology and talent. Building “small yard with high fences,” decoupling and disrupting supply chains bring harm to others without benefiting oneself. China always believes that the world does well when China does well; and when the world does well, China will do even better. For countries, economic interdependence should be seen as a good thing that enables all to draw on each other’s strengths for mutual benefit and win-win results. It should not be taken as a risk.