President Xi Jinping Hopes China Champions World Economy

By M. Grace, July 07, 2017 22:07 PM

President Xi Jinping(

President Xi Jinping revealed in his speech during World Economic Forum that China can stake a claim to the leadership in global order. This speech maybe done before Donald Trump was inaugurated as the new president of United State, which was months ago; but, the Chinese president is still sticking to his stand according to a report.

"Pursuing protectionism is just like locking oneself in a dark room," the Chinese president declared on his speech. "While wind and rain may be kept outside, so are light and air. No one will emerge as a winner in a trade war."

In connection, many analysts pointed out the active participation of the Chinese leader in the  G20 Summit, which they speculated to be the debut of China's attempt to improve the standing of the country on international community, may create a powerful impact in global politics.

"This appears to be a time of uncertainty in the United States, in the U.K.," said Kai-Fu Lee, a prominent venture capitalist in Beijing who invests in emerging Chinese companies. "The world needs strong leaders to give the world confidence."

President Xi Jinping also cleared the issue of the weak currency saying that the country does not intend to boost the competitiveness of China by devaluing RMB.

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