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Xi Jinping says financial globalization is an inevitable pattern

Economic

Xi Jinping says financial globalization is an inevitable pattern

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01:30

The COVID-19 pandemic shows that economic globalization is an objective reality and an irreversible historical trend, Chinese President Xi Jinping told the UN general debate on Tuesday, before warning “bury your head in the sand like an ostrich.” to ignore him or to wave a spear ”. Resisting like Don Quixote is against the laws of history. ”

Xi made the remarks in a speech at the general debate of the 75th session of the UN General Assembly via video link.

“The world will not be isolated again, let alone artificially divided. We have to face the challenges of economic globalization and big issues like the wealth gap and the development gap, ”said Xi.

“We need to properly manage the relationship between government and market, fairness and efficiency, growth and distribution, technology and employment, so that development can be both balanced and sufficient for the benefit of different groups who fall into different classes in the countries of the world . ”

The Chinese president urged countries to adhere to openness and inclusiveness and never to give up the pursuit of an open world economy.

“To achieve this, we should secure the multilateral trading system with the World Trade Organization as the cornerstone, send a clear signal against unilateralism and protectionism and keep the global industrial and supply chain stable and smooth.”

(Title: VCG)

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