Interview: China's accession to the WTO is of great significance to globalization-Interview with Borg Brende, President of the World Economic Forum

  Xinhua News Agency, Geneva, November 5 -

Interview: China's accession to the WTO is important for globalization - the World Economic Forum President Brende visits

  Xinhua News Agency reporter Chen Binjie Chen Junxia

  In an exclusive interview with a reporter from Xinhua News Agency in Geneva, Switzerland, World Economic Forum President Borg Brende said that China's accession to the World Trade Organization is an important step in China's economic development and is of great significance to the promotion of globalization.

  Brende said that historically, no country has experienced such rapid development as China has experienced since the late 1970s.

"In decades, about 800 million people have been lifted out of poverty. After joining the WTO in 2001, China has actively integrated into the world economy." He said that compared with 20 years ago, China's economy is larger and more prosperous.

  Brende praised China's achievements in many new technological fields.

He said that China is a world leader in high-speed rail and financial technology, and it also plays an important role in reducing the cost of solar and wind energy.

  Brende believes that the continuous growth of the global economic aggregate in the past few decades is based on globalization.

"During this period, China has risen to one of the most industrialized countries in the world."

  Brende believes that China's accession to the WTO proves that China firmly supports the multilateral system.

He said that China attaches great importance to the elimination of trade barriers and strives to build a solid multilateral trading system.

"We need to establish a multilateral system through the WTO and establish a level playing field for all competitive companies in the world. This is in everyone's interest."

  Speaking of the 4th China International Import Expo, Brund said that this is a very important exhibition.

While continuing to emphasize that exports bring economic growth, the Chinese government is striving to expand the domestic demand market and make it an important factor in promoting economic growth.

At present, all countries in the world are striving to achieve trade balance. The CIIE is held at the right time, which will help China achieve trade balance.

  Brende said that the world economy is facing major challenges such as balancing inflationary pressures and economic growth, solving energy shortages, reducing carbon emissions, strengthening global value chains, and strengthening infrastructure investment. Leaders of all countries in the world should work together to develop solutions. .

  Brende believes that the purpose of globalization is to increase the productivity of the world, and countries should adopt a win-win thinking and use their comparative advantages to bring about economic development and prosperity.

He hopes that all countries will implement a policy of "beggar your neighbors" instead of "beggar your neighbors."

  "We also need to continue to promote the development of (global) trade, because there is no real recovery without trade recovery," he said.

  The World Economic Forum is an unofficial international organization with the purpose of studying and discussing problems in the world economy and promoting international economic cooperation and exchanges.

Its predecessor was the "European Management Forum" founded by the current executive chairman Schwab in 1971.