China's new political bureau member Liu He will speak at Davos forum

China's new political bureau member Liu He will shed light on the country's economic trends and the global implications of its policies at the annual meeting.
China's new political bureau member Liu He will shed light on the country's economic trends and the global implications of its policies at the annual meeting.PHOTO: REUTERS

BEIJING (CHINA DAILY/ASIA NEWS NETWORK) - A newly elected member of the Political Bureau of the CPC Central Committee is expected to speak at the World Economic Forum next week.

Mr Liu He will shed light on China's economic trends and the global implications of the country's policies at the annual meeting in Davos, the Switzerland-based organisation said on Tuesday (Jan 16).

Mr David Aikman, the organisation's chief representative in China, said Mr Liu will head a Chinese delegation to the gathering from Jan 23 through Jan 26, a year after President Xi Jinping's historic appearance.

Among other global political figures this year, US President Donald Trump and Indian Prime Minister Narendra Modi have confirmed plans to attend the forum, of which the programme, initiatives and projects are focused on "Creating a Shared Future in a Fractured World".

In January last year (2017), Mr Xi paid a state visit to Switzerland, delivered a keynote speech at the annual meeting and visited Geneva-based international organisations, calling for an open economy, globalisation, free trade and a shared future for mankind.

"Following President Xi's historic attendance last year, Liu He will not only share his insights on China's economy but also explain the global implication of China's economic policies,"Mr Aikman said at a briefing on Tuesday in Beijing. He did not elaborate.

Mr Liu has worked as the top economic policy adviser for China's leadership by heading the General Office of the Central Leading Group for Financial and Economic Affairs, which is responsible for mapping the country's economic policies.

 

He will speak at a plenary meeting in Davos, where he is expected to explain the rationale for China's shift to high-quality growth while maintaining a sustainable growth rate, and how it will continue to contribute to global growth this year, which marks the 10th anniversary of start of the latest global financial crisis.

Meanwhile, Mr Liu is likely to touch on China's determination to continue opening-up and reform policies as the country celebrates the 40th anniversary of launch of those efforts, which have led the country to become the second-biggest economy in that time.

Mr Aikman said Chinese business leaders from areas such as energy, infrastructure, financial service and digital economy will join more than 3,000 participants worldwide in shaping the debates and narratives in Davos.

Mr Xu Jinghong, chairman of Beijing-based Tsinghua Holdings, said China's businesses have shown great passion in expanding cooperation worldwide, especially in exploring new growth engines, scientific breakthroughs and innovation development.

Mr Xu said China entered a new era following the 19th CPC National Congress in October last year and "the potential of development will be greatly released" through various policies being put into place.

"We have found that the World Economic Forum is an ideal platform to engage such partners and deepen discussions and cooperation in the frontier areas," said Mr Xu, whose company is a forum partner.