In his official WEF opening speech, China's President Xi Jinping warned of a “new cold war”.
China's President Xi Jinping has warned political and business leaders of a “new Cold War”. Such a confrontation will “end in a dead end,” said Xi on Monday in a digitally broadcast address to the participants of this year's World Economic Forum (WEF). Without naming the US directly, Xi presented himself as a defender of multilateralism and globalization.
The formation of small cliques, a “new cold war” set in motion, and threats and intimidation of others would only drive the world into division, warned Xi. He cited the disruption of supply chains and sanctions aimed at isolation as examples.
The World Economic Forum (WEF), which traditionally takes place at the end of January in the Swiss ski resort of Davos, will take place in a purely virtual manner this year. From Monday to Friday there should be important debates about the economic and social recovery after the coronavirus pandemic at the exchange, where hundreds of representatives of the global political and business elite usually meet.
