World News
Davos ‘Great Reset’ conference opened by China’s Xi
“Mr. President, I believe this is the time to reset our policies and to work jointly for a peaceful and prosperous world…”
The World Economic Forum opened a virtual conference on Monday featuring its Great Reset initiative with a speech from China’s president and general secretary of the Communist Party, Xi Jinping.
WEF founder Klaus Schwab introduced Xi by commending China for its “many initiatives” undertaken “in the spirit of creating a world where all actors assume a responsible and responsive role.”
“Mr. President, I believe this is the time to reset our policies and to work jointly for a peaceful and prosperous world,” Schwab said.
Schwab’s reference to “reset” is the “Great Reset of capitalism” he called for last year to “reform” the world’s democratic systems in response to the coronavirus pandemic.
Schwab, who hosts the annual conference in Davos, Switzerland, of the world’s most influential political and business leaders, said in his introductory remarks that 2021 “will be the critical year to reestablish trust in our ability to shape our common future in collective and constructive ways” and to “accelerate the transition to a net-zero economy.”