President Xi Jinping will address the virtual event of the World Economic Forum in Beijing via video link on Monday amid global anticipation of China's contribution to global economic recovery.

 

Xi was invited by Klaus Schwab, founder and executive chairman of the World Economic Forum.

 

This will be his third time to speak at the forum as a head of state. In a special address to the event via video link in January 2021, Xi championed multilateralism in resolving the problems confronting the world after the onslaught of the COVID-19 pandemic.

 

He also attended the Davos event in 2017 in Switzerland, where he delivered a keynote speech promoting economic globalization and warning against protectionism.

 

Xi's speech at this year's Davos event will be of crucial importance against the backdrop that the pandemic is still raging, uncertainties for world economic recovery are rising, the development gap between the South and North keeps widening, and economic globalization has encountered setbacks, Foreign Ministry spokesman Wang Wenbin said at a regular news conference on Friday.

 

Wang said that since the start of the pandemic, China has been actively developing antivirus international cooperation, promoting global economic recovery, contributing to the improvement of global governance, and working with other countries to cope with their shared challenges.

 

The nation will continue to remain committed to upholding true multilateralism, and it stands ready to strengthen cooperation with various countries to overcome difficulties in hard times and contribute Chinese wisdom and solutions to the post-pandemic development of the world, he added.

 

The Davos Agenda 2022 virtual event, which will take place from Monday to Friday, will feature heads of state and government, CEOs and other leaders discussing the critical challenges facing the world today and presenting their ideas on how to address them, according to the WEF website.

 

This year's event will focus on critical collective challenges across several key areas, including climate action, pandemic recovery, economic and social resilience, and global cooperation for shared prosperity, the website said.