Da Trump si alla “one China” policy, ma a quella made in Usa

Rileggendo bene il comunicato della Casa Bianca (che riporto sotto) circa la telefonata di Trump con Xi Jinping, emerge che si il presidente Usa appoggia la politica di una Cina, ma la sua, che sicuramente non è quella del consenso raggiunto nel 1992. Ne vedremo delle belle.


Office of the Press Secretary


February 9, 2017


Readout of the President’s Call with President Xi Jinping of China


President Donald J. Trump and President Xi Jinping of China had a lengthy telephone conversation on Thursday evening. The two leaders discussed numerous topics and President Trump agreed, at the request of President Xi, to honor our “one China” policy.  Representatives of the United States and China will engage in discussions and negotiations on various issues of mutual interest.  The phone call between President Trump and President Xi was extremely cordial, and both leaders extended best wishes to the people of each other’s countries.  They also extended invitations to meet in their respective countries.  President Trump and President Xi look forward to further talks with very successful outcomes.

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Trump chiama Xi Jinping, promette collaborazione e aderisce a politica di “una Cina”

Alla fine la telefonata c’è stata. Donald Trump ha telefonato a Xi Jinping parlando di collaborazione fra i due paesi e di adesione alla politica di “una Cina”, smorzando le polemiche seguite alla telefonata che la leader Taiwanese fece a Trump subito dopo l’insediamento di quest’ultimo. Già nei giorni scorsi Trump aveva mandato un messaggio augurale a Xi Jinping parlando anche di cooperazione tra i due paesi. Di seguito, l’articolo del South China Morning Post. 

US President Donald Trump has reaffirmed the one-China policy in his first phone call with China’s President Xi Jinping after taking office.

In the Friday morning call that was not announced beforehand, Trump told Xi that he fully respected the importance of the one-China policy and that his administration would adhere to it, the state-run China Central Television reported.

Trump made the pledge at Xi’s request, according to the White House.

“The two leaders discussed numerous topics and President Trump agreed, at the request of President Xi, to honour our one-China policy,” the White House said in a statement.

The one-China policy, which recognises that Taiwan is part of China, has been seen as the basis of Sino-US relations since the 1970s.

Friday morning’s call was the first between the two leaders since Trump was sworn in as US president in late January.

The call marked a major shift in Sino-US relations, which entered into a period of greater uncertainty after Trump took office.

Xi was quoted by state television as saying he appreciated Trump’s reiteration of the one-China policy and hoped to work with his US counterpart to promote the steady development of bilateral ties.

Both leaders also agreed to keep close communications, state television reported.

The White House described the call as “extremely cordial” and the two leaders also extended invitations to meet in their respective countries.

Relations between Beijing and Washington have been markedly strained since Trump’s phone call with Taiwanese President Tsai Ing-wen in December after his election victory.

The Trump-Tsai call was the first between a US president or president-elect and a Taiwanese leader since Beijing and Washington established diplomatic relations in 1979.

Beijing has been irked by Trump’s previous remarks on cross-strait ties and has said bilateral relations would be damaged if the US refused to reaffirm the one-China policy.

Analysts believe the Trump-Xi call, which took place on the eve of Japanese Prime Minister Shinzo Abe’s official visit to the White House, was also aimed at easing tensions with Beijing and minimising a potential fallout from Abe’s second face-to-face meeting with Trump.

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Esercito cinese: la guerra con gli Stati Uniti sotto Donald Trump non è solo slogan ma può diventare realtà

Lo scrive il South China Morning Post, citando il sito dell’esercito cinese. Qui di seguito l’articolo del giornale di Hong Kong, ripreso anche dal The Guardian.

China is stepping up preparedness for a possible military conflict with the US as the Donald Trump presidency has increased the risk of hostilities breaking out, state media and military observers said.

Beijing is bracing itself for a possible deterioration in Sino-US ties, with a particular emphasis on maritime security.

The People’s Liberation Army said in a commentary on its official website last Friday, the day of Trump’s inauguration, that the chances of war have become “more real” amid a more complex security situation in Asia Pacific.

The commentary written by an official at the national defence mobilisation department in the Central Military Commission said the call for a US rebalancing of its strategy in Asia, military deployments in the East and South China Seas and the instillation of a missile defence system in South Korea were hot spots getting closer to ignition.

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La Cina dichiara guerra alle Vpn

La Cina ha lanciato una campagna di 14 mesi per bloccare tutte le connessioni internet non autorizzate, a cominciare dalla Vpn (virtual private network). Questi sono servizi a pagamento o gratuiti che permettono di collegarsi dalla Cina (o paesi che applicano restrizioni) a siti non permessi come, nel caso cinese, Facebook, Twitter, Youtube, etc. Altre volte le VPN vengono utilizzate per nascondere il luogo dal quale si collega: il servizio funziona infatti come una triangolazione, per cui l’utente che si collega ad esempio da Pechino, lo fa utilizzando invece un indirizzo di Hong Kong, Amsterdam, San Francisco o altre città “libere”, risultando così che si sta collegando da lì, aggirando le restrizioni. Davvero una bella spallata alla vita in Cina e un serio problema per chi, anche per lavoro, dalla Cina deve navigare su siti considerati illegali. Alla faccia della globalizzazione. Ecco l’articolo del South China Morning Post.

Beijing has launched a 14-month nationwide campaign to crack down on unauthorised internet connections, including virtual private networks (VPN) services – a technology that allows users to bypass the country’s infamous Great Firewall.

A notice released by China’s Ministry of Industry and Information Technology on Sunday said that all special cable and VPN services on the mainland needed to obtain prior government approval – a move making most VPN service providers in the country of 730 million internet users illegal.

The “clean up” of the nation’s internet connections would start immediately and run until March 31, 2018, the notice said.

“China’s internet connection service market … has signs of disordered development that requires urgent regulation and governance,” the ministry said.

The crackdown on unregulated internet connections aimed to “strengthen cyberspace information security management”, it said.

China blocked access to 135 out of 1,000 sites in one ranking of the world’s top websites, including Google, Facebook, Twitter and YouTube, according to Greatfire.org, an organisation that monitors mainland online censorship.

As a result, many internet users in China rely on VPN services to access blocked sites and services.

However, a cat-and-mouse game has been going on for years between the Chinese authorities and VPN service providers.

The last major crackdown on VPN was in March 2016 during the National People’s Congress meeting in Beijing. Many companies complained that their paid-for VPN services were not functioning for up to a week.

Beijing’s censorship of online information and its control of internet access would be particularly vigilant in 2017 for the once-in-a-decade power reshuffle party congress, analysts said.

In addition to the information technology industry, which regulates the internet’s infrastructure, the Cyberspace Administration of China, a dedicated central internet censorship office, pledged loyalty to the Communist Party leadership headed by President Xi Jinping on January 5.

The officials issued a statement which declared one of their priorities in 2017 would be to cultivate an online environment that was “conducive to a successful 19th party congress”.

Two days ago, two websites run by a liberal Chinese think tank, along with other 15 websites, were shut down as censorship tightens ahead of the Communist Party’s meeting.




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Xi a Davos: nuovo paladino della globalizzazione?

Ha scomodato persino Charles Dickens durante il suo discorso a Davos, nelle Alpi svizzere, il presidente cinese Xi Jinping nella sua prima apparizione al forum economico, dove si è svestito dell’eskimo di anni di comunismo per indossare il mantello del paladino della globalizzazione. “Erano i tempi migliori, erano i tempi peggiori” ha detto, citando l’inizio di “Una storia di due città” di Dickens, per sottolineare che viviamo in un’epoca di forti contraddizioni. Quello che ha parlato a Davos, è un politico misurato, che dosa bene le parole e che si rivolge al mondo globalizzato, nel quale la Cina, volenti o nolenti, ha un ruolo centrale e da protagonista. Ed è la prima volta che il segretario del partito Comunista cinese e presidente della Cina partecipava al forum svizzero. Non è un caso che abbia deciso di farlo in un momento storico internazionale cruciale, alla vigilia dell’inizio della nuova, discussa e controversa, presidenza Usa. E, ascoltandolo, non è certo difficile capire che Xi Jinping si rivolga, in prevalenza, proprio agli Stati Uniti e al suo nuovo presidente, assente eccellente di questo importante appuntamento. Xi Jinping non ha fatto mai esplicitamente il nome di Trump ma in tutto ciò che ha detto è evidente il riferimento al nuovo corso politico ed economico degli Stati Uniti, almeno quello che il magnate di New York in mesi di campagna elettorale e dopo la vittoria ha annunciato soprattutto via twitter, soprattutto in termini di protezionismo economico. Non è un mistero del resto che la Cina sia preoccupata dagli eventuali cambiamenti che potrebbero scaturire con l’incardinamento ufficiale di Trump alla Casa Bianca. Trump infatti ha pubblicamente accusato la Cina di rubare posti di lavoro agli americani, di attuare una politica monetaria scorretta con la svalutazione della moneta cinese, ed ha annunciato provvedimenti per il contenimento cinese, in primis l’aumento dei dazi. Una delle poche nomine di Trump è stata quella di Peter Navarro a capo del consiglio del commercio Usa, lo stesso Navarro autore di “Death by China”. Dobbiamo aspettare comunque che alle parole di Trump succedano i fatti per poter poi esprimere giudizi, per ora siamo nel campo degli annunci. “Non c’è nessun vincitore in una guerra commerciale” ha detto dinanzi a una platea di oltre 1500 persone il massimo esponente del gigante asiatico. “Perseguire il protezionismo – ha aggiunto Xi Jinping – è come chiudersi in una stanza buia. Vento e pioggia vengono tenuti fuori, ma anche la luce e l’aria”. Il presidente cinese, a Davos, vuole impressionare il suo auditorium, facendosi paladino della globalizzazione in un mondo quasi rovesciato e, almeno in parte ci riesce, strappando, con un discorso durato circa un’ora, diversi applausi. “C’è stato un tempo – ha aggiunto – in cui la Cina aveva dubbi sulla globalizzazione economica e noi non eravamo sicuri se aderire o meno al WTO. Ma siamo poi giunti alla conclusione che l’integrazione nell’economia globale è un trend mondiale. Per far crescere la sua economia, la Cina deve avere il coraggio di nuotare nel vasto oceano del mercato globale”. Xi Jinping vuole dare del suo paese un’immagine moderna (anche se restano vivi tutti i problemi legati alla negazione dei diritti civili soprattutto nei confronti di minoranze come Tibet e Xinjiang o di oppositori), diversa da quella del passato, promette di non svalutare la moneta locale, il Renmibi per aumentare le esportazioni, cosa della quale il paese del dragone è stato accusato in passato. Promette insomma correttezza e trasparenza, ma si propone (e si impone) tra gli attori principale sulla scena economica internazionale. E tale vuole rimanere. Il suo è un discorso chiaro, diretto, controllato, forse anche troppo, per chi ha sempre giovato dalla globalizzazione, sfruttando la manodopera a basso costo. Che affascina la massa ma non convince del tutto gli analisti. Sembra tutto troppo studiato, un copione ben scritto e ben recitato. Come quando parla dell’accordo di Parigi contro il riscaldamento globale, definendolo “magnifico” (mentre Trump ha annunciato di volerne uscire). Parla infatti anche di ambiente Xi Jinping, della “responsabilità che ci dobbiamo assumere nei confronti dei nostri figli”. Tutto molto condivisibile, se non fosse che la Cina resta uno dei paesi più inquinati al mondo. Al di là delle analisi, a parlare sono comunque i dati. La Cina, come sottolinea il presidente cinese nella parte finale del suo discorso, è in continua crescita, per il 2016 la crescita è stata del 6,7% e il trend è sempre positivo (nonostante il crollo delle esportazioni registrato negli ultimi due anni di fila). “La Cina ha un enorme potenziale e in futuro intensificherà le riforme” ha detto ancora il presidente. Come a dire che, Trump o non Trump, ad essere tagliata fuori, la Cina davvero non ci sta e il mondo sa che con il dragone deve fare i conti di continuo.

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Pil cinese del 2016 al 6,7%, crescita più bassa da 26 anni ma al top nel mondo

Nel 2016 la Cina, secondo i dati diffusi dall’Istituto Nazionale di Statistica, è cresciuta del 6,7%, al ritmo più basso degli ultimi 26 anni, ma al top del mondo secondo  il Fondo Monetario Internazionale. Nel periodo tra ottobre e dicembre 2016 la crescita è stata del 6,8%,poco sopra le attese, mentre nei tre trimestri precedenti la crescita era stata sempre del 6,7%. La crescita è stata favorita soprattutto dagli investimenti pubblici e dall’espansione del credito, che a dicembre scorso ha raggiunto il livello record di 1040 miliardi di yuan (150 miliardi di dollari). nei primi tre trimestri del 2016 la crescita era stata del 6,7%. I dati diffusi oggi alimentano di nuovo il dibattito sulla veridicità degli stessi, dibattito che è sempre sulle scrivanie di governi ed economisti. Discussioni che sono state anche alimentate dalla notizia, di qualche settimana fa, che il governo della provincia settentrionale del Liaoning ha falsificato i suoi bilanci dal 2011 al 2014. Quello dello sconosciuto debito delle province cinesi, che per sostenere una crescita continua dopo la crisi del 2008 si sono indebitate con le banche, resta centrale e può diventare una vera spina del fianco nell’economia del dragone se si dovesse scoprire che ha assunto i dettagli foschi di cui si parla da tempo.  Di seguito il lancio della Xinhua sui dati economici.

BEIJING, Jan. 20 (Xinhua) — China’s economy ended 2016 on a positive note, supported by consumer spending and a booming property market, and remained a key engine for global economic expansion.

China’s economy grew 6.7 percent year on year in 2016, a slowdown from the 6.9-percent growth registered in 2015, National Bureau of Statistics (NBS) data showed Friday.

The growth, although it was China’s slowest annual expansion in 26 years, is likely to top all other major economies, according to a report released January 16 by the International Monetary Fund (IMF).

It was in line with China’s official target range of 6.5 to 7 percent for 2016 and much stronger than some doom-mongers had predicted at the start of 2016, when concerns about a collapse in China’s growth rocked global financial markets.

The figure represents a medium-high level of growth and China’s economy continued to run within a reasonable range, with its structure further optimized and development model transformed, NBS chief Ning Jizhe said at a press conference.x   The NBS said the figure indicated “a good start” for the country’s goal of achieving at least 6.5-percent annual growth during the 13th Five-year Plan period (2016-2020).

China’s economy has entered a new phase, which Chinese leaders have dubbed the “new normal,” as the country tries to transition its export- and investment-driven growth model into one that draws strength from consumption, innovation and the service sector.

Such a transition is bound to be painful and bumpy. Yet, there are plenty of indications that China is progressing in the right direction.

Gross domestic product totaled 74.41 trillion yuan (about 10.83 trillion U.S. dollars) in 2016, with the service sector accounting for 51.6 percent. Consumption contributed 64.6 percent to GDP growth last year. High-tech industries posted fast expansion.

Despite a protracted slowdown, China’s contribution to the world’s economic growth may again top that of all other economies, even exceeding the figure for all developed economies combined.

According to the report, the IMF revised its forecasts for China’s growth upward by 0.1 percentage point to 6.7 percent for 2016 and by 0.3 percentage point to 6.5 percent for 2017.

With the IMF predicting only 3.1 percent global growth for 2016, China’s contribution would account for more than one-third of the world’s growth.

For the fourth quarter, China’s economy grew 6.8 percent, slightly beating market forecasts and representing the first quarterly improvement since the second quarter of 2014.

NBS data showed that major economic indicators softened last year, with industrial output growth slowing slightly to 6 percent from 6.1 percent in 2015.

Urban fixed-asset investment continued to cool, rising 8.1 percent year on year, compared with 10 percent in 2015. Retail sales rose 10.4 percent, down from 10.7 percent in 2015.

However, property development investment increased 6.9 percent year on year in 2016, up from only 1 percent in 2015.

“We should be aware that the domestic and external conditions are still complicated and severe, and the foundation of the economic stabilization and improvement is not solid yet,” Ning said.

China has made “seeking progress while maintaining stability” the main theme for its economic work in 2017, pledging to push for substantial progress in supply-side structural reform, according to the Central Economic Work Conference.

For the year ahead, analysts said China’s economy may face downward pressure from a property market correction and the government’s resolve to defuse financial risks and push through structural reform, which could help sustain longer-term growth but may weigh on near-term growth.

Given more efficient fiscal spending, HSBC expected the property market correction to drag China’s growth down by 0.1 to 0.2 percentage points in 2017.

Adding to concerns is external uncertainty, with U.S. President-elect Donald Trump threatening to add trade tensions.

“I personally believe President-elect Trump will consider issues from the perspective of developing mutually beneficial bilateral ties and advance the long-lasting cooperation between the two major countries,” Ning said. “I have hopes for that.”    Enditem







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Il testo del discorso di Xi Jinping a Davos

Di seguito, il testo del discorso di Xi Jinping a Davos, il primo di un presidente cinese al Forum economico e soprattutto un discorso in favore della globalizzazione, impensabile fino a qualche tempo fa, contro il protezionismo americano (appena annunciato da Trump). “Il protezionismo è come chiudersi in una stanza scura. Il vento e la pioggia restano fuori, ma anche l’aria e la luce”.

I’m delighted to come to beautiful Davos. Though just a small town in the Alps, Davos is an important window for taking the pulse of the global economy. People from around the world come here to exchange ideas and insights, which broaden their vision. This makes the WEF annual meeting a cost-effective brainstorming event, which I would call “Schwab economics”.

“It was the best of times, it was the worst of times.” These are the words used by the English writer Charles Dickens to describe the world after the Industrial Revolution. Today, we also live in a world of contradictions. On the one hand, with growing material wealth and advances in science and technology, human civilization has developed as never before. On the other hand, frequent regional conflicts, global challenges like terrorism and refugees, as well as poverty, unemployment and widening income gap have all added to the uncertainties of the world.

Many people feel bewildered and wonder: What has gone wrong with the world?

To answer this question, one must first track the source of the problem. Some blame economic globalization for the chaos in the world. Economic globalization was once viewed as the treasure cave found by Ali Baba in The Arabian Nights, but it has now become the Pandora’s box in the eyes of many. The international community finds itself in a heated debate on economic globalization.

Today, I wish to address the global economy in the context of economic globalization.

The point I want to make is that many of the problems troubling the world are not caused by economic globalization. For instance, the refugee waves from the Middle East and North Africa in recent years have become a global concern. Several million people have been displaced, and some small children lost their lives while crossing the rough sea. This is indeed heartbreaking. It is war, conflict and regional turbulence that have created this problem, and its solution lies in making peace, promoting reconciliation and restoring stability. The international financial crisis is another example. It is not an inevitable outcome of economic globalization; rather, it is the consequence of excessive chase of profit by financial capital and grave failure of financial regulation. Just blaming economic globalization for the world’s problems is inconsistent with reality, and it will not help solve the problems.

From the historical perspective, economic globalization resulted from growing social productivity, and is a natural outcome of scientific and technological progress, not something created by any individuals or any countries. Economic globalization has powered global growth and facilitated movement of goods and capital, advances in science, technology and civilization, and interactions among peoples.

But we should also recognize that economic globalization is a double-edged sword. When the global economy is under downward pressure, it is hard to make the cake of global economy bigger. It may even shrink, which will strain the relations between growth and distribution, between capital and labor, and between efficiency and equity. Both developed and developing countries have felt the punch. Voices against globalization have laid bare pitfalls in the process of economic globalization that we need to take seriously.

As a line in an old Chinese poem goes, “Honey melons hang on bitter vines; sweet dates grow on thistles and thorns.” In a philosophical sense, nothing is perfect in the world. One would fail to see the full picture if he claims something is perfect because of its merits, or if he views something as useless just because of its defects. It is true that economic globalization has created new problems, but this is no justification to write economic globalization off completely. Rather, we should adapt to and guide economic globalization, cushion its negative impact, and deliver its benefits to all countries and all nations.

There was a time when China also had doubts about economic globalization, and was not sure whether it should join the World Trade Organization. But we came to the conclusion that integration into the global economy is a historical trend. To grow its economy, China must have the courage to swim in the vast ocean of the global market. If one is always afraid of bracing the storm and exploring the new world, he will sooner or later get drowned in the ocean. Therefore, China took a brave step to embrace the global market. We have had our fair share of choking in the water and encountered whirlpools and choppy waves, but we have learned how to swim in this process. It has proved to be a right strategic choice.

Whether you like it or not, the global economy is the big ocean that you cannot escape from. Any attempt to cut off the flow of capital, technologies, products, industries and people between economies, and channel the waters in the ocean back into isolated lakes and creeks is simply not possible. Indeed, it runs counter to the historical trend.

Opening Plenary with Xi Jinping, President of the People's Republic of China  in Davos, January 17, 2017. Copyright by World Economic Forum / Valeriano Di Domenico

Image: Valeriano Di Domenico

The history of mankind tells us that problems are not to be feared. What should concern us is refusing to face up to problems and not knowing what to do about them. In the face of both opportunities and challenges of economic globalization, the right thing to do is to seize every opportunity, jointly meet challenges and chart the right course for economic globalization.

At the APEC Economic Leaders’ Meeting in late 2016, I spoke about the necessity to make the process of economic globalization more invigorated, more inclusive and more sustainable. We should act pro-actively and manage economic globalization as appropriate so as to release its positive impact and rebalance the process of economic globalization. We should follow the general trend, proceed from our respective national conditions and embark on the right pathway of integrating into economic globalization with the right pace. We should strike a balance between efficiency and equity to ensure that different countries, different social strata and different groups of people all share in the benefits of economic globalization. The people of all countries expect nothing less from us, and this is our unshirkable responsibility as leaders of our times.

Ladies and Gentlemen,
Dear Friends,

At present, the most pressing task before us is to steer the global economy out of difficulty. The global economy has remained sluggish for quite some time. The gap between the poor and the rich and between the South and the North is widening. The root cause is that the three critical issues in the economic sphere have not been effectively addressed.

First, lack of robust driving forces for global growth makes it difficult to sustain the steady growth of the global economy. The growth of the global economy is now at its slowest pace in seven years. Growth of global trade has been slower than global GDP growth. Short-term policy stimuli are ineffective. Fundamental structural reform is just unfolding. The global economy is now in a period of moving toward new growth drivers, and the role of traditional engines to drive growth has weakened. Despite the emergence of new technologies such as artificial intelligence and 3-D printing, new sources of growth are yet to emerge. A new path for the global economy remains elusive.

Second, inadequate global economic governance makes it difficult to adapt to new developments in the global economy. Madame Christine Lagarde recently told me that emerging markets and developing countries already contribute to 80 percent of the growth of the global economy. The global economic landscape has changed profoundly in the past few decades. However, the global governance system has not embraced those new changes and is therefore inadequate in terms of representation and inclusiveness. The global industrial landscape is changing and new industrial chains, value chains and supply chains are taking shape. However, trade and investment rules have not kept pace with these developments, resulting in acute problems such as closed mechanisms and fragmentation of rules. The global financial market needs to be more resilient against risks, but the global financial governance mechanism fails to meet the new requirement and is thus unable to effectively resolve problems such as frequent international financial market volatility and the build-up of asset bubbles.

Third, uneven global development makes it difficult to meet people’s expectations for better lives. Dr. Schwab has observed in his book The Fourth Industrial Revolution that this round of industrial revolution will produce extensive and far-reaching impacts such as growing inequality, particularly the possible widening gap between return on capital and return on labor. The richest one percent of the world’s population own more wealth than the remaining 99 percent. Inequality in income distribution and uneven development space are worrying. Over 700 million people in the world are still living in extreme poverty. For many families, to have warm houses, enough food and secure jobs is still a distant dream. This is the biggest challenge facing the world today. It is also what is behind the social turmoil in some countries.

All this shows that there are indeed problems with world economic growth, governance and development models, and they must be resolved. The founder of the Red Cross Henry Dunant once said, “Our real enemy is not the neighboring country; it is hunger, poverty, ignorance, superstition and prejudice.” We need to have the vision to dissect these problems; more importantly, we need to have the courage to take actions to address them.

First, we should develop a dynamic, innovation-driven growth model. The fundamental issue plaguing the global economy is the lack of driving force for growth.Innovation is the primary force guiding development. Unlike the previous industrial revolutions, the fourth industrial revolution is unfolding at an exponential rather than linear pace. We need to relentlessly pursue innovation. Only with the courage to innovate and reform can we remove bottlenecks blocking global growth and development.

With this in mind, G-20 leaders reached an important consensus at the Hangzhou Summit, which is to take innovation as a key driver and foster new driving force of growth for both individual countries and the global economy. We should develop a new development philosophy and rise above the debate about whether there should be more fiscal stimulus or more monetary easing. We should adopt a multipronged approach to address both the symptoms and the underlying problems. We should adopt new policy instruments and advance structural reform to create more space for growth and sustain its momentum. We should develop new growth models and seize opportunities presented by the new round of industrial revolution and digital economy. We should meet the challenges of climate change and aging population. We should address the negative impact of IT application and automation on jobs. When cultivating new industries and new forms models of business models, we should create new jobs and restore confidence and hope to our peoples.

Second, we should pursue a well-coordinated and inter-connected approach to develop a model of open and win-win cooperation. Today, mankind has become a close-knit community of shared future. Countries have extensive converging interests and are mutually dependent. All countries enjoy the right to development. At the same time, they should view their own interests in a broader context and refrain from pursuing them at the expense of others.

We should commit ourselves to growing an open global economy to share opportunities and interests through opening-up and achieve win-win outcomes. One should not just retreat to the harbor when encountering a storm, for this will never get us to the other shore of the ocean. We must redouble efforts to develop global connectivity to enable all countries to achieve inter-connected growth and share prosperity. We must remain committed to developing global free trade and investment, promote trade and investment liberalization and facilitation through opening-up and say no to protectionism. Pursuing protectionism is like locking oneself in a dark room. While wind and rain may be kept outside, that dark room will also block light and air. No one will emerge as a winner in a trade war.

Third, we should develop a model of fair and equitable governance in keeping with the trend of the times. As the Chinese saying goes, people with petty shrewdness attend to trivial matters, while people with vision attend to governance of institutions. There is a growing call from the international community for reforming the global economic governance system, which is a pressing task for us. Only when it adapts to new dynamics in the international economic architecture can the global governance system sustain global growth.

Countries, big or small, strong or weak, rich or poor, are all equal members of the international community. As such, they are entitled to participate in decision-making, enjoy rights and fulfill obligations on an equal basis. Emerging markets and developing countries deserve greater representation and voice. The 2010 IMF quota reform has entered into force, and its momentum should be sustained. We should adhere to multilateralism to uphold the authority and efficacy of multilateral institutions. We should honor promises and abide by rules. One should not select or bend rules as he sees fit. The Paris Agreement is a hard-won achievement which is in keeping with the underlying trend of global development. All signatories should stick to it instead of walking away from it as this is a responsibility we must assume for future generations.

Fourth, we should develop a balanced, equitable and inclusive development model. As the Chinese saying goes, “A just cause should be pursued for common good.”Development is ultimately for the people. To achieve more balanced development and ensure that the people have equal access to opportunities and share in the benefits of development, it is crucial to have a sound development philosophy and model and make development equitable, effective and balanced.

Opening Plenary with Xi Jinping, President of the People's Republic of China  in Davos, January 17, 2017. Copyright by World Economic Forum / Valeriano Di Domenico

Image: Valeriano Di Domenico

We should foster a culture that values diligence, frugality and enterprise and respects the fruits of hard work of all. Priority should be given to addressing poverty, unemployment, the widening income gap and the concerns of the disadvantaged to promote social equity and justice. It is important to protect the environment while pursuing economic and social progress so as to achieve harmony between man and nature and between man and society. The 2030 Agenda for Sustainable Development should be implemented to realize balanced development across the world.

A Chinese adage reads, “Victory is ensured when people pool their strength; success is secured when people put their heads together.” As long as we keep to the goal of building a community of shared future for mankind and work hand in hand to fulfill our responsibilities and overcome difficulties, we will be able to create a better world and deliver better lives for our peoples.

Ladies and Gentlemen,
Dear Friends,

China has become the world’s second largest economy thanks to 38 years of reform and opening-up. A right path leads to a bright future. China has come this far because the Chinese people have, under the leadership of the Communist Party of China, blazed a development path that suits China’s actual conditions.

This is a path based on China’s realities. China has in the past years succeeded in embarking on a development path that suits itself by drawing on both the wisdom of its civilization and the practices of other countries in both East and West. In exploring this path, China refuses to stay insensitive to the changing times or to blindly follow in others’ footsteps. All roads lead to Rome. No country should view its own development path as the only viable one, still less should it impose its own development path on others.

This is a path that puts people’s interests first. China follows a people-oriented development philosophy and is committed to bettering the lives of its people. Development is of the people, by the people and for the people. China pursues the goal of common prosperity. We have taken major steps to alleviate poverty and lifted over 700 million people out of poverty, and good progress is being made in our efforts to finish building a society of initial prosperity in all respects.

This is a path of pursuing reform and innovation. China has tackled difficulties and met challenges on its way forward through reform. China has demonstrated its courage to take on difficult issues, navigate treacherous rapids and remove institutional hurdles standing in the way of development. These efforts have enabled us to unleash productivity and social vitality. Building on progress of 30-odd years of reform, we have introduced more than 1,200 reform measures over the past four years, injecting powerful impetus into China’s development.

This is a path of pursuing common development through opening-up. China is committed to a fundamental policy of opening-up and pursues a win-win opening-up strategy. China’s development is both domestic and external oriented; while developing itself, China also shares more of its development outcomes with other countries and peoples.

China’s outstanding development achievements and the vastly improved living standards of the Chinese people are a blessing to both China and the world. Such achievements in development over the past decades owe themselves to the hard work and perseverance of the Chinese people, a quality that has defined the Chinese nation for several thousand years. We Chinese know only too well that there is no such thing as a free lunch in the world. For a big country with over 1.3 billion people, development can be achieved only with the dedication and tireless efforts of its own people. We cannot expect others to deliver development to China, and no one is in a position to do so. When assessing China’s development, one should not only see what benefits the Chinese people have gained, but also how much hard effort they have put in, not just what achievements China has made, but also what contribution China has made to the world. Then one will reach a balanced conclusion about China’s development.

Between 1950 and 2016, despite its modest level of development and living standard, China provided more than 400 billion yuan of foreign assistance, undertook over 5,000 foreign assistance projects, including nearly 3,000 complete projects, and held over 11,000 training workshops in China for over 260,000 personnel from other developing countries. Since it launched reform and opening-up, China has attracted over $1.7 trillion of foreign investment and made over $1.2 trillion of direct outbound investment, making huge contribution to global economic development. In the years following the outbreak of the international financial crisis, China contributed to over 30 percent of global growth every year on average. All these figures are among the highest in the world.

The figures speak for themselves. China’s development is an opportunity for the world; China has not only benefited from economic globalization but also contributed to it. Rapid growth in China has been a sustained, powerful engine for global economic stability and expansion. The inter-connected development of China and a large number of other countries has made the world economy more balanced. China’s remarkable achievement in poverty reduction has contributed to more inclusive global growth. And China’s continuous progress in reform and opening-up has lent much momentum to an open world economy.

We Chinese know only too well what it takes to achieve prosperity, so we applaud the achievements made by others and wish them a better future. We are not jealous of others’ success; and we will not complain about others who have benefited so much from the great opportunities presented by China’s development. We will open our arms to the people of other countries and welcome them aboard the express train of China’s development.

Ladies and Gentlemen,
Dear Friends,

I know you are all closely following China’s economic development, and let me give you an update on the state of China’s economy. China’s economy has entered what we call a new normal, in which major changes are taking place in terms of growth rate, development model, economic structure and drivers of growth. But the economic fundamentals sustaining sound development remain unchanged.

Despite a sluggish global economy, China’s economy is expected to grow by 6.7 percent in 2016, still one of the highest in the world. China’s economy is far bigger in size than in the past, and it now generates more output than it did with double-digit growth in the past. Household consumption and the services sector have become the main drivers of growth. In the first three quarters of 2016, added value of the tertiary industry took up 52.8 percent of the GDP and domestic consumption contributed to 71 percent of economic growth. Household income and employment have steadily risen, while per unit GDP energy consumption continues to drop. Our efforts to pursue green development are paying off.

The Chinese economy faces downward pressure and many difficulties, including acute mismatch between excess capacity and an upgrading demand structure, lack of internal driving force for growth, accumulation of financial risks, and growing challenges in certain regions. We see these as temporary hardships that occur on the way forward. And the measures we have taken to address these problems are producing good results. We are firm in our resolve to forge ahead. China is the world’s largest developing country with over 1.3 billion people, and their living standards are not yet high. But this reality also means China has enormous potential and space for development. Guided by the vision of innovative, coordinated, green, open and shared development, we will adapt to the new normal, stay ahead of the curve, and make coordinated efforts to maintain steady growth, accelerate reform, adjust economic structure, improve people’s living standards and fend off risks. With these efforts, we aim to achieve medium-high rate of growth and upgrade the economy to higher end of the value chain.

China will strive to enhance the performance of economic growth. We will pursue supply-side structural reform as the general goal, shift the growth model and upgrade the economic structure. We will continue to cut overcapacity, reduce inventory, deleverage financing, reduce cost and strengthen weak links. We will foster new drivers of growth, develop an advanced manufacturing sector and upgrade the real economy. We will implement the Internet Plus action plan to boost effective demand and better meet the individualized and diverse needs of consumers. And we will do more to protect the ecosystem.

China will boost market vitality to add new impetus to growth. We will intensify reform efforts in priority areas and key links and enable the market to play a decisive role in resources allocation. Innovation will continue to feature prominently on our growth agenda. In pursuing the strategy of innovation-driven development, we will bolster the strategic emerging industries, apply new technologies and foster new business models to upgrade traditional industries; and we will boost new drivers of growth and revitalize traditional ones.

China will foster an enabling and orderly environment for investment. We will expand market access for foreign investors, build high-standard pilot free trade zones, strengthen protection of property rights, and level the playing field to make China’s market more transparent and better regulated. In the coming five years, China is expected to import $8 trillion of goods, attract $600 billion of foreign investment and make $750 billion of outbound investment. Chinese tourists will make 700 million overseas visits. All this will create a bigger market, more capital, more products and more business opportunities for other countries. China’s development will continue to offer opportunities to business communities in other countries. China will keep its door wide open and not close it. An open door allows both other countries to access the Chinese market and China itself to integrate with the world. And we hope that other countries will also keep their door open to Chinese investors and keep the playing field level for us.

China will vigorously foster an external environment of opening-up for common development. We will advance the building of the Free Trade Area of the Asia Pacific and negotiations of the Regional Comprehensive Economic Partnership to form a global network of free trade arrangements. China stands for concluding open, transparent and win-win regional free trade arrangements and opposes forming exclusive groups that are fragmented in nature. China has no intention to boost its trade competitiveness by devaluing the RMB, still less will it launch a currency war.

Over three years ago, I put forward the “Belt and Road” initiative. Since then, over 100 countries and international organizations have given warm responses and support to the initiative. More than 40 countries and international organizations have signed cooperation agreements with China, and our circle of friends along the “Belt and Road” is growing bigger. Chinese companies have made over $50 billion of investment and launched a number of major projects in the countries along the routes, spurring the economic development of these countries and creating many local jobs. The “Belt and Road” initiative originated in China, but it has delivered benefits well beyond its borders.

In May this year, China will host in Beijing the Belt and Road Forum for International Cooperation, which aims to discuss ways to boost cooperation, build cooperation platforms and share cooperation outcomes. The forum will also explore ways to address problems facing global and regional economy, create fresh energy for pursuing inter-connected development and make the “Belt and Road” initiative deliver greater benefits to people of countries involved.

Ladies and Gentlemen,
Dear Friends,

World history shows that the road of human civilization has never been a smooth one, and that mankind has made progress by surmounting difficulties. No difficulty, however daunting, will stop mankind from advancing. When encountering difficulties, we should not complain about ourselves, blame others, lose confidence or run away from responsibilities. We should join hands and rise to the challenge. History is created by the brave. Let us boost confidence, take actions and march arm-in-arm toward a bright future.

Thank you.

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