1st LD: Chinese president stresses importance of guiding globalization

Chinese President Xi Jinping on Tuesday stressed the importance of adapting to and guiding economic globalization and delivering its benefits to all.

Xi made the remarks in a keynote speech at the opening ceremony of the 47th World Economic Forum (WEF) annual meeting in Davos, Switzerland.

In his speech, Xi said blaming economic globalization for the world's problems is inconsistent with reality and unhelpful to solving the problems.

He voiced the need to adapt to and guide economic globalization, cushion its negative impact, and deliver its benefits to all countries and all nations.

He also underlined the need to act pro-actively and manage economic globalization as appropriate, so as to release its positive impact and rebalance the process of economic globalization.

Xi called on all countries to follow the general trend, proceed from their respective national conditions, and embark on the right pathway of integrating into economic globalization with the right pace.

He also stressed the need to strike a balance between efficiency and equity to ensure that different countries, different social strata and different groups of people all share in the benefits of economic globalization. Endi