President Xi Jinping Hopes China Champions World Economy
By M. Grace, July 07, 2017 22:07 PM
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.
More from CCD
21 Christians killed by ISIS are honored in the inauguration of a church in Egypt.
Check out the details of the Olympics men's singles figure skating results
Woman prevents theft by following a handbag inside the X-ray machine.
Check out how this 17 year old make history in the current Winter Olympic Games.
Heathrow Airport Duty Free has allegedly discriminated Chinese customers and treated them unfairly.
Young Christians invited calligraphers and calligraphy amateurs to write Spring Couplets and send them to communities and friends.
What are the updates in the Winter Olympics?
China is now looking into creating new jobs to stop unemployment in the country.
Chinese Christian Cross-Strait Corporate Exchange Association and China Sunny Young Care Association distributed hats and scarves to victims relocated in a local elementary school.
China uses "smart sunglasses" to detect criminals.