2-3-48 Why we must remove the obstacles to economic globalization.mp3

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The right solution lies in consultation and cooperation. All issues can be resolved in a spirit of equality, mutual understanding and accommodation.

– Chinese President Xi Jinping

Among the problems facing the global economy, none can be solved by one country. We must all prioritize the common good of humanity rather than placing our own best interests above the common good of all. We need to have a more open mindset and take more open action, and work together to make the global market pie even bigger. We need to strengthen global benefit-sharing mechanisms and explore new avenues of international cooperation. The aim is to give more impetus to economic globalization and remove the brakes as much as possible.

As global value and supply chains continue to develop, countries are interconnected and the integration of their economies is on the agenda. Distances between countries are shortening and interactions between countries are increasing, hence the likelihood of differences and frictions. The right solution lies in consultation and cooperation. All issues can be resolved in a spirit of equality, mutual understanding and accommodation. We must promote development through openness and deepen exchanges and cooperation between us. We need to “hold hands” instead of “letting go” of each other. We need to “tear down the walls”, not “build the walls”. We must stand firm against protectionism and unilateralism. We must continually break down barriers to trade, optimize global value and supply chains, and jointly stimulate market demand.

Innovation-driven development is essential for the sustained growth of the world economy. We are witnessing a new cycle of scientific and technological revolution and industrial transformation. It has reached a historic turning point as major breakthroughs are in sight. Countries need to step up cooperation on innovation. We must facilitate the integration of science and technology into economic growth and increase the sharing of the results of innovation. We must remove the barriers that hinder the flow of knowledge, technology, talent and other factors of innovation, and support our companies in technical exchange and cooperation of their own accord. It is a way of unleashing the potential for innovation. And, for humanity to benefit from the better use of knowledge, we must strengthen the protection of intellectual property. The least desirable is that we stifle the flow of knowledge, or that we create or even widen the technological divide between us.

(Source: Excerpt from Xi Jinping’s opening speech at the opening ceremony of the 2nd China International Import Expo in Shanghai, east China, November 5, 2019.)

This episode is presented by Wang Guan.



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