GA4 (398745346)

Davos Watch: What’s at stake in today’s world

Davos Watch: What’s at stake in today’s world

The weather in the Swiss town of Davos is often gloomy these days, the traffic is jammed on the road, and passers-by are in a hurry, which makes people feel anxious. What makes it even more difficult to feel relaxed is that when entering the venue of the World Economic Forum 2024 Annual Meeting, many guests first talked about difficulties, challenges, and risks when speaking.

When Schwab, founder and executive chairman of the World Economic Forum, delivered a welcome speech on the 16th, the first sentence of the opening sentence was: “Today, we are at a unique juncture in human history, facing challenges that are both diverse and profound.” This year Many conference themes focus on geopolitical conflicts, economic slowdown, climate change, and technological impact. These global challenges are exactly the reality facing the world today, and multiple crises are emerging at the same time.

On January 14, people walked past the World Economic Forum logo in Davos, Switzerland.

What are the main risks is a core topic discussed at this year’s annual meeting. According to Tangen, CEO of Norway’s sovereign wealth fund, the overall geopolitical situation, the Ukraine crisis, the Palestinian-Israeli conflict and “elections in many parts of the world” are risk factors for fund investment. The “2024 Global Risk Report” released before the annual meeting believes that information errors and disinformation are the biggest short-term risks, and extreme weather and key changes in the earth system are the most serious long-term problems. As expected, some people are also hyping up the so-called “risk theory” of China. However, this argument did not take hold in Davos. More and more people see clearly the “ulterior motives” behind this argument, because the connection with China is by no means a risk, but an opportunity.

Let’s look at a set of data: In recent years, China’s contribution to world economic growth has remained around 30%. China is now a major trading partner of more than 140 countries and regions, and the overall tariff level has been reduced to 7.3%, close to the level of developed members of the WTO. In the past five years, the rate of return on foreign direct investment in China has been approximately 9%, which is at a relatively high level internationally. At present, China’s middle-income group exceeds 400 million people, and will reach 800 million people in the next ten years, which will surely play an important role in increasing global total demand.

China is not the source of risks, but a staunch force in preventing and defusing risks. As Chen Liming, Chairman of the World Economic Forum Greater China, said, in the face of common challenges for all mankind such as climate change, ecological environment deterioration, and artificial intelligence governance, no country or international organization can respond and solve it alone. China plays an important role in this. Role. China’s hydropower, wind power, and solar power generation capacity all rank first in the world. China has also included low-carbon energy transformation in its “14th Five-Year Plan”. He said that China is a crucial participant in global affairs and “China’s participation is indispensable on major issues related to the future of mankind.”

After talking about risks and challenges, many participants found it difficult to provide specific solutions to the problems, but almost everyone called for greater cooperation. “This is an era when it is more important than ever to promote global cooperation.” European Commission President von der Leyen said in a special speech at the annual meeting on the 16th. Coping with risks requires strengthening cooperation, and undermining cooperation is exacerbating risks. Some Western countries are using the guise of “de-risking” to force companies to reduce business in China, erect trade barriers, undermine cooperation with China, exacerbate economic fragmentation, and disrupt the global industrial chain. This is called “de-risking”, but it is actually creating risks. . This is particularly inappropriate today when the world is facing many real risks, and it has greatly undermined the global joint efforts to deal with challenges.

This is why the “de-risking” argument against China is not only limited in international forums such as the World Economic Forum, but there are also more and more voices of reflection within the West.

What risks should we take in today’s world? On top of various specific risks, we should also eliminate the risks of non-cooperation, non-development, and non-unity. Only in this way can mankind gather greater synergy in the face of real challenges. Just like in Davos, although severe issues are being discussed in the cold season, people of different colors and colors from different countries come together to inspire each other and think about the future of mankind. This in itself is an oath of attitude towards cooperative problem-solving, which may be just the reason. It is an important significance of the World Economic Forum Annual Meeting.

Source link