Chinese VP calls for further development as solution to global imbalances

0 Comment(s)Print E-mail Xinhua, January 24, 2019
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Chinese Vice President Wang Qishan here on Wednesday called for further development as a solution to imbalances in the process of economic globalization.

In a special address at the 2019 annual meeting of the World Economic Forum, he urged countries to press ahead with structural reform, strike a right balance between equity and efficiency, adopt effective policy measures to prevent the worsening of income inequality and fend off the impact on some regions and industries caused by new technologies and market competition so that all people stand to gain from continued development.

"The last thing we should do is to stop making the pie and just engage in a futile debate on how to divide it," he stressed, saying what is needed is making the pie bigger while looking for ways to share it in a more equitable way.

"Shifting blame for one's own problems onto others will not resolve the problems," he added.

World leaders and business elites gathered at the forum in Davos, Switzerland, scheduled for Tuesday to Friday, under the theme "Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution." 

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