Davos World Economic Forum draws global industry chiefs. (Photo : Getty Images)
For the first time, China will pay presence in the Davos World Economic Forum. Chinese President Xi Jinping arrived in Zurich on Sunday.
The Chinese president will speak at Davos about "a community of common destiny" and the importance of a globalized and open world market. The speech is expected to contradict the current strategy of the U.S which is leaned toward protectionism.
In late 2012, Xi also talked about China's approach to opening up the global economy and has launched changes in the world's trends on support growth and freeing up the world's economy.
Along with the concept of "sharing the global destiny," Xi will also talk about cooperation on global security.
Wang Yiwei, director of the Institute of International Affairs and the Center for EU Studies at the Renmin University of China, said, "The community of common destiny is a concept created by China."
He added, "Although the West and the U.N. also had similar mottos, the community of common destiny is a greater and broader concept. Apart from environmental protection, it also covers the economy, politics, diplomacy and security."
"When people from the West hear 'destiny' they might imagine that it is a religious concept so we've considered replacing 'destiny' with 'future.'
"Some Europeans don't even believe that China will share the future with them, because they believe China's future is getting better and better by absorbing strength from globalization, but their future is not very optimistic due to the negative impact of globalization," Wang said.
In a separate press briefing held by the Ministry of Foreign Affairs last year, Wang said: Since China-Switzerland Free Trade Agreement came into effect, it has brought significant benefits to the two countries. We should take the discussion on the upgraded version of the agreement as an opportunity to jointly facilitate trade liberalization."
