President Xi Jinpings appearance at the World Economic Forum in Davos next week, the first by a Chinese president, develops at both an auspicious and inauspicious moment.
It is an auspicious moment because U.S. President-elect Donald Trump has all but announced Americas withdrawal from “the worlds” it has largely acquired during recent decades and from which Asia has most advantaged. His America First policy predicts protectionist tariffs and walls, as well as a retired from trade, climate pacts, and perhaps, even long-standing military alliances.
With Europe involved in inward-looking tangle, that leaves China as the one major power with a global mentality. Ready or not, China has become the actual global leader seeking to maintain an open global economy and duel climate change. In aftermath, President Xi has become the core manager of globalization.
Aligning with the global business elites in Davos lieu China even more firmly in the negative spates of the populist wave cleaning Western democracies.
The inauspicious aspect is the reverse: the general secretary of the Chinese Communist Party is speaking to the converted from the pulpit in the foremost church of the global upper-clas that amass yearly in Davos. Aligning with the global business elites in such a high profile sort lieu China even more firmly in the negative spates of the populist wave cleaning Western republics. It proves in their thinkers that China is the main antagonist of the working and middle class in the West.
Im an financial nationalist, top Trump adviser Steve Bannon saidin a recent interrogation, embracing the worldview that defines the brand-new U.S. organisation. The globalists gutted the American working class and developed a middle class in Asia. The issue now is about Americans looking to not get fed over.
It is notable that two of the most savvy anti-populist Western governors, Canadian Prime Minister Justin Trudeau and German Chancellor Angela Merkel, thought it politically wise to avoid the rarefied Alpine air of Davos this year.