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Saturday, January 28, 2017

here's a convenient introduction to china and jinpings main collaboration solutions with worldwide sustainability  http://www.chinadaily.com.cn/business/2017wef/2017-01/17/content_27978704.htm

resident Xi Jinping will go to the event with China's solutions to pull through the difficulties.
"All countries, big or small, strong or weak, rich or poor, must treat each other as equals. We need to help each other achieve sound development as we work to ensure our own development," Xi said in a speech at the G20 delivered last September to the leaders of the 20 biggest economies in the world.
International Monetary Fund statistics show that last year, global GDP growth would reach 3.1 percent, of which China's contribution would be 39 percent, or 1.2 percentage points.
China contributes much to maintaining balance in the world by helping developing countries through strengthening mutual economic and political ties.
For example, today China is the largest trading partner of emerging countries like Russia, Brazil and India.
According to the Ministry of Commerce, China attracted $118 billion foreign direct investment this year, which excludes investment in the financial sector.
Meanwhile, China's full year non-financial outbound direct investment is expected to stand at around 1.12 trillion yuan.
The Belt and Road Initiative and the Asian Infrastructure Investment Bank, with more and more countries willing to participate, have also contributed to global welfare.
Belt and Road Initiative
The Belt and Road initiative, which comprises the Silk Road Economic Belt and the 21st Century Maritime Silk Road, was first promulgated by Xi in 2013. He envisioned a trade and infrastructure network that connects Asia with Europe and Africa along the ancient Silk Road routes.
ore than 70 countries and organizations have voiced support for and willingness to join the initiative.
Regions along the route of the initiative are home to 63 percent of the world's population and account for 29 percent of the global economy.
Xi has emphasized that the Belt and Road should be green and people in countries along the new Silk Roads should be beneficiaries of the initiative.
AIIB
The Asian Infrastructure Investment Bank (AIIB), a China-initiated development bank, started operation on January 16, 2016.
It is a product of the evolving business landscape, and will help make the global economic governance system more equitable and effective.
In October 2013, President Xi Jinping, proposed a vision for a multilateral financial institution designed to improve the livelihoods of Asia's people through investment in infrastructure and enhanced regional connectivity.
It is designed to facilitate common development in the region and the world at large.
President Xi's invitation to the world has been warmly embraced.
So far, 57 have signed the Article of Agreements and become founding members of the AIIB.
With authorized capital of $100 billion, the AIIB prioritizes investment in energy, power generation, transportation, rural infrastructure, environmental protection and logistics.
President Xi called AIIB's launch a "historical moment" while addressing the event in downtown Beijing and said the bank could increase Asian infrastructure investment effectively and promote regional interconnection and economic integration, which will have a positive effect on the Asian and global economies.
"China has taken an active part in, contributed a constructive part and benefited from the international development system," Xi said.
"The initiative to establish the AIIB is a constructive move. It will enable China to undertake more international obligations, promote improvement of the current international economic system and provide more international public goods. This is a move that will help bring mutual benefits and win-win outcomes to all sides."
"It will also bring along a better investment environment and more job opportunities and trigger greater medium to long-term development potential on the part of developing members in Asia. This, in turn, will give impetus to economic growth in Asia and the wider world."
Last November, Jin Liqun, president of the AIIB, said that after 10 months' operation, the bank's board of directors has approved $829 million financing for six projects, include co-financing projects with other institutes.

"With this rapid development pace, undoubtedly we could achieve $1.2 billion of the projects' volume for the whole year in 2016, and the top total of investment could be $6 billion," Jin said

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warm applause to jinping speech at WEF

Entrepreneurs and scholars have praised president Xi Jingping's key note speech at the 2017 World Economic forum in Davos - the first time a top Chinese leader has attended the annual gathering.

President Xi Jinping’s speech at the opening ceremony of the World Economic Forum earned wide praise from entrepreneurs and scholars.
“Protectionism is like locking oneself in a dark room. No one would emerge a winner in a trade war,” Xi said, adding that there’s no point in blaming globalisation for economic pitfalls.
It is the first time that a top Chinese leader has attended the annual gathering of global political and corporate leaders. Xi’s attendance also has come at a time when China is taking more of a leadership role in reducing free-trade barriers globally, as when the president vowed to fight protectionism at a forum of Asia-Pacific leaders in Peru in November.
Here is a collection of comments from attendees.

Doris Leuthard, Swiss Confederation President
After President Xi Jinping’s state visit to her country and his opening speech at the annual meeting of the World Economic Forum on Tuesday, Swiss Confederation President Doris Leuthard said Xi’s speech was impressive and encouraging, which once again indicated their shared values.
She also said Xi’s visit to her country was a huge success with dozens of agreements signed and trust being boosted.

Klaus Schwab, Founder and executive chairman of the World Economic Forum
“This is a very important speech at an important moment. We’re living in a global, independent world and we cannot recreate artificial borders. Globalisation is a win-win situation and we have a common destiny as humankind,” Schwab said. “Your commitment, Mr President, to the innovative, open and inclusive world is crucial.”
He acknowledged the “Chinese dream” initiated by Xi and called for a “global dream”, a dream of a world that remains innovative, open and fair.
“We cannot go back to old policies and it will be inappropriate for us to use old methods,” Schwab said. “As you committed to approach global governance and global cooperation in a new way, we need new ideas here to refresh the new world.”

Okendo Lewis-Gayle, Chairman of Harambe Entrepreneur Alliance and MPA candidate of Harvard Kennedy School
“I am truly heartened by President Xi’s fervent defence of globalisation. In spite of the challenges, I still believe the benefits of our global system far outweigh the costs and, as the president suggested, effective collaboration can lead to ever more inclusive prosperity and a peaceful world.
“Thanks to my work with African entrepreneurs and my exposure to research at the Belfer Center at Harvard, I have followed closely the peaceful rise of China. This morning’s address by President Xi is further proof that China’s leadership has proven to be, just like the theme of this year’s gathering in Davos, responsive, responsible and ready to lead the betterment of our global economic order.”

Gao Jifan, Chairman and chief executive officer, Trina Solar Ltd
“As a participant in the clean energy sector, to be able to hear the most authoritative views from the top Chinese leader, it was a moving moment for me and I was hugely inspired. Present Xi’s speech is from a strategically advantageous position and it opens up broad horizons, providing new thinking and a new approach from China to global economic governance, and giving us an extremely strong confidence boost.”

Jing Xiandong, Chief executive officer of Ant Financial
“As I talked with others here, we were carried along with President Xi’s speech and deeply impressed with his efforts to the push for globalisation and offering Chinese proposals. I went to the G20 Summit in Hangzhou last year. I felt the same Chinese wisdom and prowess here in Davos.”

Wang Jianlin, Chairman of Dalian Wanda Group
“I am very impressed with President Xi’s elaboration on globalisation. He used almost half of his speech to comment on globalisation. It targeted the rising protectionism and populism around the world. Globalisation is neither a fairytale nor a devil; it is a trend. It depends on how you manage it.
“Also I am very impressed with how President Xi elaborated on China’s contribution to the world economy. China is not merely a beneficiary, but also a contributor.”

Li Daokui, Economist at Tsinghua University and former member of the central bank’s monetary policy committee
After listening to President Xi Jinping's opening speech at the annual World Economic Forum on Tuesday Prof Li Daokui says Xi has sent a very strong message to advance globalisation and help the rest of the world benefit from China’s development after China has gained mutual benefits due to openness and reform.
Li also said President Xi gave this message at the right time when Donald Trump was moving into the White House and as top Western leaders did not attend this annual forum.

Kishore Mahbubani, Professor of the National University of Singapore
In President Xi Jinping’s inspiring opening speech at the annual World Economic Forum he has shown a “completely positive” vision and message which is not only about China but also the rest of the world, said Kishore Mahbubani, dean and professor in the Practice of Public Policy of Lee Kuan Yew School of Public Policy at the National University of Singapore.
The professor says these attitudes are in major contrast with those of some countries which are now more inward-looking, citing Donald Trump, the new American president, always saying “America first, America first”.

Danae Kyriakopoulo, Head of research, OMFIF
“Xi Jinping’s keynote speech had a symbolic importance as the first-ever presence of a Chinese president in the traditionally Western-led gathering of the global elites. Beyond the symbolism, the speech was an impressive tour-de-force in defence of globalisation.
“Xi’s remarks come at a critical juncture in history. The US and the UK, once the champions of economic liberalism and the proponents of globalisation, are retreating from the world stage and from integration with their neighbours. In this context, Xi’s speech was a refreshing showcase of his leadership in the world stage.”

Jurgen M Geissinger, Chief executive officer of German energy solution company Senvion
President Xi Jinping has given a “visionary statement” in his opening speech at the Forum, which is about the future, globalisation and an open market, according to Jurgen M Geissinger, chief executive of German energy solution company Senvion.
Geissinger said Xi also talked about the fight against protectionism and bringing the world closer together, which will create an open global environment to encourage the flow of trade, capital, technology and human resources.

Helen Hai, Goodwill ambassador of the United Nations Industrial Development Organisation
“President Xi Jinping continues his ‘win-win’ message, following an address in September 2015 at the United Nations General Assembly in New York City, and has shown real leadership by giving an impressive speech. President Xi insists that there is ‘no point’ blaming globalisation for all the problems facing the world. He sums up with a call for world leaders to stick with globalisation.”

Honson To, Chairman of KPMG China
“Given slowing global economic growth, President Xi presented a clear case for an urgent and courageous response from global leaders. He persuaded the world to persist with free trade rather than reverting to protectionism, for the long-term benefit of all nations. I was deeply moved by the strong sense of China’s purpose as a responsible leader on the world stage.”
Sun Baohong, Dean’s Distinguished Chair Professor of Marketing, University of Southern California
Sun Baohong, Dean’s Distinguished Chair Professor of Marketing, University of Southern California
"President Xi delivered an excellent speech today, and had several rounds of applause from the audience. In talking about free trade, Xi said it is an inevitable trend of the future. His speech is very positive and sincere and really adds a glimpse of sunshine for today’s world that is faced with huge uncertainties.”

Cao Huining, Professor of Cheung Kong Graduate School of Business
“Today President Xi gave a great speech on economic globalisation. Globalisation is a trend and it has contributed a lot to the world’s economic growth. Even if there are many problems, such as being associated with wealth polarisation, overall, it benefits the [world] economy a lot and benefits many countries a lot. Xi said China is committed to free trade and an open economy and fighting trade protectionism, which is a good message for the global economy.”

Alex Molinaroli, Chief executive officer of Johnson Controls
“The messages we heard from the President is that China wants to be not only a global participant on the global stage, but to make a positive impact for all delegates attending. I’ve been a witness of the Chinese economy for more than a decade, China has changed a lot and its economy has matured, so it’s good to see China taking more responsibility in the world.”

Chen Feng, Chairman of HNA Group
“I was so encouraged by President Xi Jinping’s comprehensive statement about China’s proposition and views towards economic globalisation and global governance. His proposals of China Wisdom and China Solution, through which the problems restricted world economic growth restriction can be solved, must surely present to other countries a responsible image of China.”

Shu Yinbiao, Chairman of the State Grid Corporation of China
“Everyone I spoke to said President Xi’s speech inspired confidence. It inspired confidence in China’s economy, and painted a picture of sustainable development in the country. This confidence will help global economic development. This is an important message for today’s global economy.”.

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