BOAO, China, April 8 -- Over a year ago, Chinese President Xi Jinping vigorously defended free trade at the World Economic Forum annual meeting in Davos, impressing the world with China's staunch support for globalization.
That defense has become more relevant today.
Globalization, the historic process which has brought different countries and peoples closer over the past two centuries, is now under attack and regarded with growing doubts. Isolationism is rising, along with trade protectionism and economic chauvinism.
In particular, Washington's protectionist pivot is not only worrying, but damaging as well. Over the past year or so, it has tried to bully its trading partners into making concessions by wielding the big stick of punitive tariffs. What's more, the so-called "America First" doctrine touted by U.S. President Donald Trump in Davos in January poses a serious challenge to the rules-based multilateral trading system once established by Washington itself.
At this defining moment when globalization desperately needs support, the annual Boao Forum for Asia conference is setting the stage for President Xi to further define China's stance.
There can't be any better venue. Boao, once a barely known fishing hamlet in China's southernmost Hainan Province, has today become one of the Asian country's gateways to the wider world with its annual global gathering that is gaining clout.
The emergence of this beach resort is but one example of China's rise from an isolated and underdeveloped country to the world's second-largest economy. The magic formula for this is China's opening-up to the outside world and becoming actively involved in the globalization of the world economy.
【国内英语资讯:Commentary: From Davos to Boao, globalization needs boost at defining moment】相关文章:
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