China's Vice Premier Han Zheng urged the international community on Tuesday to establish an open world economy and promote multiculturalism to foster social and economic globalization.
In a speech he delivered during the 50th annual meeting of the World Economic Forum in Davos, Switzerland, Han underscored the importance of globalization as "an essential condition for productivity and growth."
His speech, titled "Work Together for an Open World Economy and Sustainable Global Development", also highlighted the "strong driving force" behind economic growth across the globe.
Chinese Leader Xi Jinping delivered a historic speech and expressed his strong commitment for economic transformation at the 2019 WEF annual meeting in Davos, a message that resonated far and wide, Han stated.
Han, who also serves as member of the Standing Committee of the Political Bureau of the Communist Party of China Central Committee, pointed out that globalization is "a trend of history," and the outcome of major advances in research, science and technology.
To resolve pressing issues and difficulties in economic globalization, Han said the basic solution is found in building an inclusive world economy together, and the secret lies in sustaining multilateralism.
Han called on all nations to exercise greater courage, remain firm on fair consultations and resolve challenges together. Economic globalization should be more balanced, open and beneficial for all, Han emphasized, in order for people from all walks of life to share in the benefits of economic advancement and global prosperity.
Promoting growth, safeguarding peace, upholding fairness and justice and pursuing mutual benefits should be the main goal of the international community, Han said.
The vice premier also called for a concerted effort to address current global issues like poverty alleviation, global warming, and environmental protection.
Han also said that China has embraced globalization, pursued trade and finance cooperation with other countries, and succeeded in transforming a semi-closed economy into a fully open economy.
Han stressed that his country will further broaden market access for foreign capital investors and reduce its negative list for foreign investments, import more goods and services to foster fair trade, and further boost China's commercial landscape to allow all kinds of companies registered in the country be given equal treatment.
During his stay in Davos, Han was also among invited guests in a luncheon hosted by WEF Executive Chairman Klaus Schwab, and exchanged views with influential trade figures, including Apple chief executive officer Tim Cook and Siemens AG President Joe Kaeser.
