President Xi Jinping to Put Beijing in the Business Spotlight at Davos World Economic Forum
Desiree Sison | | Jan 14, 2017 12:22 AM EST |
(Photo : Getty Images) Analysts said President Xi Jinping will take advantage of his appearance at the global forum to show China's economic strength.
All eyes will be on Chinese President Xi Jinping as he is about to bask in the spotlight at the gathering of world leaders and the business elite at the World Economic Forum in Davos next Tuesday, days ahead of the US President-elect Donald Trump's inauguration on Friday.
Xi will be the first Chinese president to join the World Economic Forum gathering with political and economic experts saying Xi would make his country take center stage during the entire global meeting.
Like Us on Facebook
As Xi is expected to speak before business leaders and the global elite, political analysts on Friday said Xi would take advantage of his Davos appearance to show Beijing's economic strength as well as its position as a responsible stakeholder.
Globalization
Xi is expected to focus on China as a promoter of globalization in his plenary speech amid Trump's protectionist stance and his choice of hardline China critics to head top positions on trade and defense.
"I think China's trying to send a signal that it's the world's most responsible stakeholder. The U.S., by contrast, is a greater source of anxiety, tensions and volatility," Scott Kennedy, a political expert at the Center for Strategic and International Studies, said on Friday.
"The growing tensions between the U.S. and China gives this a bigger, larger significance than it otherwise would have," he said.
Logical Place
The analysts said Xi will grab the opportunity at Davos to show the global community that China, the world's second largest economy, will still be the logical place to invest despite Trump's anti-China rhetoric.
"More than ever, China has to raise a voice, when we know President-elect Trump is challenging, criticizing China," Richard Attias, head of the consulting firm, Richard Attias & Associates, noted.
Attias said President Xi's move at the forum would just be "right" in response to challenges brought on by Trump's heavy criticisms of Beijing.
Potential Investors
He added that at Davos, the Chinese businessmen will explain to potential investors that despite Trump's anti-China rhetoric, Beijing is still the most logical place to invest.
Trump has been vocal about his disdain for China, calling it a currency manipulator and accusing it of robbing jobs from American workers.
During his campaign rallies, he repeatedly charged Beijing of committing unfair trade practices and vowed to punish the Asian giant by slapping a 45 percent tariff on all China imports once he becomes president.
China has responded to his tirades by saying it would retaliate if Trump launches a trade war with Beijing. Part of the retaliation would be imposing heavy taxes on American firms operating in Beijing and initiating business investigations on US companies, among others.
TagsDavos, World Economic Forum, business elite, responsible stakeholder, Beinjing, President Xi Jinping, President-elect Donald Trump, Sino-US trade war, china
©2015 Chinatopix All rights reserved. Do not reproduce without permission
EDITOR'S PICKS
-
Did the Trump administration just announce plans for a trade war with ‘hostile’ China and Russia?
-
US Senate passes Taiwan travel bill slammed by China
-
As Yan Sihong’s family grieves, here are other Chinese students who went missing abroad. Some have never been found
-
Beijing blasts Western critics who ‘smear China’ with the term sharp power
-
China Envoy Seeks to Defuse Tensions With U.S. as a Trade War Brews
-
Singapore's Deputy PM Provides Bitcoin Vote of Confidence Amid China's Blanket Bans
-
China warns investors over risks in overseas virtual currency trading
-
Chinese government most trustworthy: survey
-
Kashima Antlers On Course For Back-To-Back Titles
MOST POPULAR
LATEST NEWS
Zhou Yongkang: China's Former Security Chief Sentenced to Life in Prison
China's former Chief of the Ministry of Public Security, Zhou Yongkang, has been given a life sentence after he was found guilty of abusing his office, bribery and deliberately ... Full Article
TRENDING STORY
-
China Pork Prices Expected to Stabilize As The Supplies Recover
-
Elephone P9000 Smartphone is now on Sale on Amazon India
-
There's a Big Chance Cliffhangers Won't Still Be Resolved When Grey's Anatomy Season 13 Returns
-
Supreme Court Ruled on Samsung vs Apple Dispute for Patent Infringement
-
Microsoft Surface Pro 5 Rumors and Release Date: What is the Latest?