This year’s Davos is a “watershed” moment, said Hai Zhao, a director of international political studies at the Chinese Academy of Social Sciences, a state-affiliated think tank. He said countries are likely to shift toward regional trade, rather than a global economy centered on the U.S.
The world’s second-largest economy sent He Lifeng, one of its four vice premiers, to Davos, where he promoted business opportunities in China and called for the fair treatment of Chinese companies. In his speech Tuesday, He cited U.S.-China trade talks as an example of cooperation, with no specific discussion of other countries.
