On January 25, the world economic forum Davos agenda dialogue opened. President Xi Jinping attended the dialogue in a video way, and delivered a special speech entitled “let the torch of multilateralism illuminate the way forward for mankind”.
The voice of China has once again become the focus of global media.
What else do western media pay attention to?
China’s economy will surpass that of the United States
German DW News Network said that a study by Euler Hermes, a well-known French financial insurance group this month, pointed out that the COVID-19 crisis may accelerate the world economic equilibrium to Asia.
The main point is China.
Influenced by COVID-19, China’s economic growth slowed down in 2020.
The International Monetary Fund (IMF) predicted on January 18 last year that China’s economic growth will be 1.9% in 2020.
Medical supplies made in China became hot exports during the epidemic.
However, China’s economy actually rose by 2.3% year on year. This exceeded analysts’ expectations.
With the global major economies shrinking due to the epidemic, China’s economy is rising against the trend. According to this trend, by 2030, China’s total economy will be equal to that of the United States. That’s two years ahead of what economists predicted before the outbreak.
On December 26, 2020, the latest issue of “world economic union” report released by the center for economic and business research (CBRE) also shows that thanks to the control of the epidemic, China may become the world’s largest economy in 2028.
This positive estimate is nearly five years ahead of previous forecasts.
In an article entitled “foreign companies abandon the United States and add notes to China” on January 25, CNN quoted a report released by the United Nations Conference on Trade and development on Sunday, saying that foreign companies’ direct investment in the United States fell by 49% last year, only 134 billion US dollars. In contrast, China’s foreign direct investment will increase by 4% to 163 billion US dollars in 2020. This marks the first time that China’s foreign direct investment exceeds that of the United States.
Although COVID-19 is an important factor leading to a sharp decline in foreign direct investment in the United States (and most countries in the world), the decline in foreign investment in the US began before the outbreak.
According to the U.S. Department of Commerce, foreign investment in the U.S. dropped sharply after reaching a high of $440 billion in 2015. At the same time, China’s explosive economic growth and rapid recovery after the epidemic have helped foreign investment soar.
The poor are harder to turn over
On January 25, a video conference was held in Davos, and a report from Oxfam, an international charity, was released simultaneously. The report, entitled the virus of inequality, explains how the epidemic has exacerbated inequality in the world——
The richest 1000 people on earth can make up for their losses during the epidemic in only nine months, while the poorest will take 10 years to recover.
Let’s get to know these top American rich people (click here to see the big picture): from left to right are Amazon founder Jeff Bezos, Tesla CEO Elon Musk, Microsoft founder Bill Gates, Facebook founder Mark Zuckerberg, Oracle chairman Larry Ellison, stock god Warren Buffett, Google founder Larry Page, and Google founder Gu Song founder Sergey Brin, Microsoft CEO Stephen Ballmer, Wal Mart founder Sam Walton’s daughter Alice Walton, Jim Walton, rob Walton, McKenzie Scott, Michael Blumberg, and Nike founder Phil Knight. (photo source: visual capital)
Ironically, since the US economy nearly bottomed out in March 2020, the unemployment rate in the US has reached the highest level since 1948 (14.8%). As shown in the figure above, the average wealth of these US billionaires has increased by 57% by the end of 2020.
The epidemic has exacerbated inequality and the gap between the rich and the poor, and the gap will magnify the impact of the epidemic.
For example, in novel coronavirus pneumonia in England, the poorest region of Britain, the mortality rate was two times that of the most affluent areas in December last year. Even the developed western countries have not been able to escape the huge impact of the epidemic, let alone the poorer corners of the world.
As DW news said, the online Davos is also designed to cure the trauma caused by COVID-19. The major global threats, including the climate crisis, the financial crisis and social and economic inequalities, may increase the impact of COVID-19.
With COVID-19’s global economic growth and social contradictions increasing, how the world economy should be restarted has become a topic of great concern to the media and people at all times.
The cover theme of time magazine on November 2, 2020 is “big reset”.
As early as last June, the world economic forum set the theme of this year’s Davos annual meeting as “big reset”. However, the debate between media from all walks of life and international think tanks on the big reset has not stopped for nearly half a year.
Dialoging news said on January 23 that we should pay attention to drawing lessons from history on how to “reset” and what measures to take.
Vancouver local media high weekly network pointed out that since World War II, the gap between the rich and the poor in major developed countries, and uneven distribution of property, most white people have always been at the bottom of society, the rich class control politics, collude with the powerful, ordinary voters simply can not influence politics.
The salaries of elites and executives, who account for 1% of the population in various countries, are soaring. Even if middle-income employees work hard for 500 years, their salaries are only equal to those of executives of large enterprises for one year.
Therefore, how to open a new model in the new era is worth pondering.
Be alert to the new Cold War
In his speech in Davos, President Xi Jinping mentioned the term “new cold war” and became the focus of Western media coverage.
Every move between China and the United States will become the initial condition of the butterfly effect.
In his speech, President Xi Jinping said, “history and reality have repeatedly told us that in today’s world, if we take the road of confrontation and confrontation, whether it is to engage in cold war, hot war, trade war or science and technology war, it will ultimately harm the interests of all countries and sacrifice the well-being of the people.”
Axios news website of the United States believes that the reason why this speech is important is that although China has not directly mentioned the tense relations between China and the United States, the subtext is clear.
The Wall Street Journal also pointed out that this is a warning to the Biden administration and a wake-up call to the US China relationship, which has fallen to an all-time low.
Biden has just taken office, but he may have inherited the trump administration’s attitude towards China – continue to be tough, and recently joined his “allies” in madly “probing” on some issues related to China’s principles.
On January 23, China’s satellite images confirmed that the US Navy’s “Roosevelt” aircraft carrier entered the South China Sea via the Bashi Strait at 10 a.m.
On January 24, a spokesman for the US State Department reiterated that the United States supports Taiwan and the bilateral relations are “rock solid” – this is the first time that the US government has issued a statement on the Taiwan issue since Biden became the new US president.
On January 25, the house of representatives of the Canadian Parliament resumed its session, following the example of the United States, spreading rumors and slandering China on the issue of Xinjiang.
Judging from the reaction of the western media, they are not ignorant, but pretending not to.
But President Xi Jinping’s speech in Davos has gained a lot of understanding and support from foreign netizens.
The United States should not always think about becoming a global superpower. Don’t act like we voted for him to be the “boss”. They are so obsessed with power that it threatens the lives of Africa.
This is true, because war will affect everyone’s life, as well as the global economy, and thus increase poverty in most African countries.
When two giant animals fight on the grass, the grass will suffer.
The United States always bullies (other countries). You can’t always be on top and expect others to keep silent and do nothing.
It’s time to fight the virus together, not the war.