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Klaus Schwab, Founder and Executive Chairman, World Economic Forum, speaking during the Session at the Annual Meeting 2019 of the World Economic Forum in Davos.
January 23, 2019. Congress Centre – Congress Hall.
Photo courtesy of World Economic Forum / Walter Duerst

Davos-Klosters, Switzerland - January 23, 2019

• This year marks 40 years of relations between China and the World Economic Forum

• China remains a committed global partner for peace, economic growth and upholding international order

• Wang advocates increasing the economic pie, rather than fighting over how to divide it up

Leading the Chinese delegation to Davos this year, Wang Qishan, Vice-President of the People’s Republic of China, reiterated the virtues of the rising global superpower.

Wang Qishan, Vice-President of the People's Republic of China and Klaus Schwab, Founder and Executive Chairman, World Economic Forum, speaking during the Session at the Annual Meeting 2019 of the World Economic Forum in Davos.
January 23, 2019. Congress Centre – Congress Hall.
Photo courtesy of World Economic Forum / Walter Duerst

“China remains committed to building world peace, promoting global growth and upholding the international order,” he told the participants in a special address at the World Economic Forum Annual Meeting, in a year that marks 40 years of relations between China and the Forum.

Wang Qishan, Vice-President of the People's Republic of China; Klaus Schwab, Founder and Executive Chairman, World Economic Forum, speaking during the Session at the Annual Meeting 2019 of the World Economic Forum in Davos.
January 23, 2019. Congress Centre – Congress Hall.
Photo courtesy of World Economic Forum / Walter Duerst

“Today, China’s interests and future are closely linked to those of the world,” said Wang.
“While developing itself, China also wishes to work with all countries for common development and a community with a shared future for mankind.”

Wang Qishan, Vice-President of the People's Republic of China, speaking during the Session at the Annual Meeting 2019 of the World Economic Forum in Davos.
January 23, 2019. Congress Centre – Congress Hall.
Photo courtesy of World Economic Forum / Walter Duerst

To understand China, he observed, one must turn to the lessons of history.

“The advances in China in the past 70 years are not a godsend, nor a gift from others. Rather, they are made by the Chinese people through vision, hard work, courage, reform and innovation,” he said.

Wang Qishan, Vice-President of the People's Republic of China, speaking during the Session at the Annual Meeting 2019 of the World Economic Forum in Davos.
January 23, 2019. Congress Centre – Congress Hall.
Photo courtesy of World Economic Forum / Walter Duerst

Pointing to decisive economic progress in China, such as the number of rural people living in poverty reduced by more than 80 million since 2013, Wang told participants at the meeting that China is committed to reform and continued opening up, guided by its unique economic and political system.

Wang Qishan, Vice-President of the People's Republic of China, speaking during the Session at the Annual Meeting 2019 of the World Economic Forum in Davos.
January 23, 2019. Congress Centre – Congress Hall.
Photo courtesy of World Economic Forum / Walter Duerst

“China has moved up from the low end to the medium and high end of the global industrial chain. The nearly 1.4 billion Chinese who are enjoying greater prosperity have unleashed huge demand backed by purchasing power. This has unlocked enormous market potential that no one can afford to ignore,” he said.
“We will further improve and enrich socialism with distinctive Chinese features through reform and opening up. This is a path we believe in, and we will steadily forge ahead along this path.”

Wang Qishan, Vice-President of the People's Republic of China; Klaus Schwab, Founder and Executive Chairman, World Economic Forum, speaking during the Session at the Annual Meeting 2019 of the World Economic Forum in Davos.
January 23, 2019. Congress Centre – Congress Hall.
Photo courtesy of World Economic Forum / Walter Duerst

Identifying the economic gaps that have emerged from globalization, Wang noted that, in market economies, there is a disproportionate emphasis on efficiency, often at the cost of equity.

Wang Qishan, Vice-President of the People's Republic of China, speaking during the Session at the Annual Meeting 2019 of the World Economic Forum in Davos.
January 23, 2019. Congress Centre – Congress Hall.
Photo courtesy of World Economic Forum / Walter Duerst

“What we need to do is make the pie bigger while looking for ways to share it in a more equitable way,” he said.
“The last thing we should do is to stop making the pie and just engage in a futile debate on how to divide it. Shifting blame for one’s own problems onto others will not resolve the problems.”

Wang Qishan, Vice-President of the People's Republic of China, speaking during the Session at the Annual Meeting 2019 of the World Economic Forum in Davos.
January 23, 2019. Congress Centre – Congress Hall.
Photo courtesy of World Economic Forum / Walter Duerst

The Fourth Industrial Revolution – with its speed, scale and complexity, and the way it shapes human society – represents a significant evolution of the globalization process, said Wang, but requires international unity and a respect for multilateral institutions and international rules.

Wang Qishan, Vice-President of the People's Republic of China; Klaus Schwab, Founder and Executive Chairman, World Economic Forum, speaking during the Session at the Annual Meeting 2019 of the World Economic Forum in Davos.
January 23, 2019. Congress Centre – Congress Hall.
Photo courtesy of World Economic Forum / Walter Duerst

“We must work together to shape the global architecture in the age of the Fourth Industrial Revolution with the vision to create a better future for all mankind,” he added.

Wang Qishan, Vice-President of the People's Republic of China; Klaus Schwab, Founder and Executive Chairman, World Economic Forum, speaking during the Session at the Annual Meeting 2019 of the World Economic Forum in Davos.
January 23, 2019. Congress Centre – Congress Hall.
Photo courtesy of World Economic Forum / Walter Duerst

“In this changing world, making advances is like climbing a mountain. It is commitment, conviction and confidence that drive us forward. In this era of unfolding economic globalization, all of us share a common stake,” he noted.
“As a Swiss proverb goes, ‘Torches light up each other’.”


Wang Qishan, Vice-President of the People's Republic of China, speaking during the Session at the Annual Meeting 2019 of the World Economic Forum in Davos. January 23, 2019. Congress Centre – Congress Hall. Photo courtesy of World Economic Forum / Walter Duerst

The World Economic Forum Annual Meeting brings together more than 3,000 global leaders from politics, government, civil society, academia, the arts and culture as well as the media.

Convening under the theme, Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution, participants are focusing on new models for building sustainable and inclusive societies in a plurilateral world.


Wang Qishan, Vice-President of the People's Republic of China; Klaus Schwab, Founder and Executive Chairman, World Economic Forum, speaking during the Session at the Annual Meeting 2019 of the World Economic Forum in Davos. January 23, 2019. Congress Centre – Congress Hall. Photo courtesy of World Economic Forum / Walter Duerst

For further information, please click here:

https://www.weforum.org/events/world-economic-forum-annual-meeting

Contact:

Fon Mathuros
Head of Media
World Economic Forum
Tel.: +41 (0)79 201 0211
Email: fmathuro@weforum.org


Wang Qishan, Vice-President of the People's Republic of China; Klaus Schwab, Founder and Executive Chairman, World Economic Forum, speaking during the Session at the Annual Meeting 2019 of the World Economic Forum in Davos. January 23, 2019. Congress Centre – Congress Hall. Photo courtesy of World Economic Forum / Walter Duerst

Source: The World Economic Forum Annual Meeting

https://www.weforum.org/press/news

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