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Today, at the World Economic Forum, we face diverse and profound challenges. Our world is more interconnected yet more divided than ever. We struggle with sluggish economic growth and inclusiveness is in doubt. Climate change poses relentless challenges. Innovation brings opportunities but also risks. These transformative challenges lead to uncertainty and fear. We must rediscover a narrative of trust and stewardship for a better future. Our actions today have consequences for tomorrow. Trust requires collaboration, sustainability, and empathy. As leaders, we have a responsibility to contribute significantly. The World Economic Forum is not just a meeting, but a year-long engagement. Trust is vital for cooperation and functioning institutions. We must rebuild trust by exercising our trusteeship.

The World Economic Forum has been involved in China since 1979 and has played a role in the country's development for almost 30 years. China's achievements over the past 40 years are highly respected and it serves as a role model for many countries. The Chinese model is particularly attractive to numerous nations.

The World Economic Forum has had a long-standing partnership with China since 1979. Over the past 40 years, China has experienced remarkable growth and is on track to become the world's top economic power. The focus now is on the quality of this growth, rather than just the quantity. With its emphasis on the 4th industrial revolution, China aims to improve the quality of life for its population. This revolution is highly recognized and supported by Chinese authorities, and it is expected to contribute to the country's continued development.

The authority and the influence of this group is rising with every year. And BRICS is now one of the key groups, key organizations in the world, and our voice is heard loudly across the international arena.

China's strength lies in its medium- to long-term perspective. The G20 and Chinese leadership are ambitious.

We are a diverse community of exceptional leaders with a mission to inspire and connect extraordinary leaders to build a more inclusive and sustainable world. We select and connect leaders to transform them and create meaningful impact. The World Economic Forum serves as an incubator for projects like Gavi, encouraging engagement to advance the forum's mission. We are all privileged to be here, but it's important to use our privilege for a purpose.

General and Klaus Schwab, founder of the World Economic Forum, will sign a memorandum of understanding to deepen cooperation between the UN and the Forum. This partnership aims to accelerate the implementation of the 2030 agenda and outlines areas of collaboration between the two institutions.

Our country needs a bigger reset, leaning towards Davos over Westminster for more meaningful engagement. Disappointed in the absence of the UK at Davos, emphasizing the importance of global participation. Acknowledging the influence of young leaders like Trudeau and the president of Argentina in shaping policies. Prioritizing serving the country over party politics. Davos is the preferred platform for collaboration. Translation: Our country needs a significant reset, preferring Davos over Westminster for more meaningful interactions. Disappointed by the UK's absence at Davos, highlighting the importance of global involvement. Recognizing the impact of young leaders like Trudeau and the president of Argentina in shaping policies. Emphasizing serving the country over party politics. Davos is the preferred setting for cooperation.

Speaker 0 and Speaker 1 discuss the strategic direction of U.S.-China economic engagement and the future of the dollar. Speaker 1 argues that Obama should seek a financial arrangement with China when he travels to China, stating that “this would be the time because you really need to bring China into the creation of a new world order, financial world order.” He contends that “you need a new world order that China has to be part of the process of creating it, and they have to buy in. They have to own it.” He envisions a more stable global financial order resulting from China’s participation, with “coordinated policies.” Turning to the U.S. economy and the dollar, Speaker 1 addresses concerns about dollar weakness. He states that “an orderly decline of the dollar is actually desirable.” He explains that “A decline in the value of the dollar is necessary in order to compensate for the fact that The U. S. Economy will remain rather weak.” He further predicts that “China will emerge as the motor replacing The U.S. Consumer,” suggesting a shift in economic engine from the United States to China. He concludes that “there would be a slow decline in the value of the dollar, a managed decline.”

China's involvement is crucial in establishing a new global financial order.

The World Economic Forum has been involved in China since 1979 and has played a role in the country's development for almost 30 years. The speaker expresses admiration for China's remarkable achievements over the past 40 years, considering it a role model for many countries. The Chinese model is seen as highly appealing to numerous nations.

We welcome you to the World Economic Forum Headquarters, where exceptional leaders gather to drive change. Our mission is to inspire and connect diverse leaders to build a more inclusive and sustainable world. Through our framework, we aim to incubate projects like Gavi to advance our mission. As privileged individuals, we must use our privilege for a purpose. Join us in creating meaningful impact together.

First speaker notes that China is a reascending power, not a rising one, pointing out that from 1500 to now China had the world’s largest GDP 70% of those years. He suggests that Confucian thinking underpins China’s view of reasserting long-standing dominance, and explains the blending of public-private partnerships and the role of organizations that backstop private companies in China. He describes China’s capital allocation as both rigid and flexible. The process starts with Xi Jinping and his close circle drafting priorities, including involvement in the five-year plan. The plan moves from a small central group to the Politburo, then to the provinces and finally to the prefectures. He explains it as a cascading set of venture capitalists operating against national priorities, with provinces and local actors rewarded for aligning capital and labor with those priorities. The result is an ecosystem where hundreds of venture capitalists coordinate human capital across regions to advance targeted goals, producing major companies such as BYD and Xiaomi. Second speaker adds that China maintains a five-year plans for every industry, detailing forecasts not just for catching up but for what is possible. This framework drives innovation across sectors, including nuclear power, and supports the notion that China is charting new avenues of development. He reiterates that the country is returning to a position it has long held rather than pursuing a status as the world’s largest economy, emphasizing a national-pride motivation amid different governance structures. Third speaker emphasizes the historical perspective, noting how remarkable it is that China held the world’s largest GDP 70% of the years since 1500. He reflects on how technological innovations, such as ship technology, have driven great empires, with China repeatedly on the heels of such shifts. He suggests that this may be China’s moment of resurgence across the board. The discussion also cites Lee Kuan Yew’s foresight, as highlighted by a work by Graham Allison and related quotes: China is not just another big player, but the biggest player in the history of the world, and China’s displacement of the world balance requires the world to find a new equilibrium. The dialogue ties this historic perspective to the idea that China’s current reemergence is both a continuation of a long pattern and a contemporary strategic effort guided by centralized planning and broad industry-wide five-year frameworks.

China's actions in response to the coronavirus have been praised for their role in limiting its spread to other countries. The political leadership, including the president, has shown a remarkable level of knowledge and commitment.

Speaker 0 argues that the United States has underestimated China's power across infrastructure, technology, and strategic planning. He notes the quality of Chinese infrastructure, citing high-speed trains that connect Beijing to Shanghai in four and a half hours over about 1,000 kilometers, comparing that favorably to Amtrak in the United States. Infrastructure strength is identified as a core strength, followed by China’s scientific and technological capacity, which he calls “the coin of the realm in our decade, in the next few decades.” He asks which society will turn out more scientists and engineers, presenting data to illustrate China’s lead: 34% of first-year Chinese university students study engineering or a STEM field, compared with 5.6% in the United States, noting China’s larger population. He references Harvard, where he teaches, observing that at graduation, chemistry, biology, and physics majors are largely Asian Americans, or more specifically Asians or citizens of Asian ethnicity, indicating a STEM-dominated profile among graduates. The speaker then points to the Trump administration’s gathering of tech titans at the White House, noting that a tremendous number of those tech leaders are Indian Americans and Chinese Americans, implying China’s tech influence extends into American leadership and industry. Addressing national security, he contends that the PLA (People’s Liberation Army) and China's overall power have been underestimated. He argues that the Communist Party of China (CPC) is strategic and unencumbered by free press constraints, allowing it to make long-term bets over decades (ten, twenty, thirty years) without the friction of media opposition. A specific strategic pattern is highlighted: for thirty-five consecutive years, the Chinese foreign minister’s first trip of the year has been to Africa in January to signal Africa as a priority. He contrasts this with U.S. presidents: President Trump did not visit Africa in his first term, while President Biden visited Angola for two or three days toward the end of his term. The speaker uses these examples to illustrate China’s consistent, long-term, strategic focus on Africa and broader global influence. Overall, he concludes that China’s technology, military, and economic power are stronger than commonly perceived, and that the United States must recognize this and adjust accordingly, as he asserts that underestimation is no longer viable.

China's leadership in fighting the pandemic and reviving its economy has opened a window of opportunity for a global reset. This reset is necessary because our pre-pandemic policies lacked societal inclusion and sustainability, evident in issues like rapid global warming. Similar to the post-World War II era, we now have a chance to start anew in global cooperation, globalization, and managing global affairs. It is crucial that we seize this opportunity and not let it slip away.

An aggressive action can alter the expected shape of an infectious disease outbreak, which is significant for China and the rest of the world.

The speaker welcomes everyone to the Ben Franklin Room and discusses the historical ties between China and the United States. They mention the importance of cooperation in tackling global challenges, particularly climate change. The speaker emphasizes the need for strategic mutual trust and increased cooperation between the two countries. They highlight the progress made in negotiations and discussions during the visit. The speaker expresses confidence in the future of China-US relations and proposes a toast to friendship and a better tomorrow.

The UN Secretary General and Klaus Schwab, founder of the World Economic Forum, will sign a memorandum of understanding to strengthen their partnership and work together to speed up the implementation of the 2030 agenda.

The World Economic Forum has been involved in China since 1979 and has witnessed the country's remarkable achievements over the past 40 years. China's development serves as a model for many nations, with its attractiveness extending to several countries.

China has shown that taking necessary measures can save lives and prevent thousands of cases of a challenging disease.

The Secretary General and Klaus Schwab, founder of the World Economic Forum, will sign a memorandum of understanding on a strategic partnership between the UN and the World Economic Forum. This partnership aims to deepen engagement and jointly accelerate the implementation of the 2030 agenda.

We are gathered here, a diverse and influential community of business, political, NGO, religious, cultural, young global, and social leaders. Our purpose is to fulfill our mission of improving the state of our world.

Welcome to the annual meeting 2020 at Davos, where the elite gather. Tonight, I want to focus on a significant shift. George Gao from China CDC is part of this cabinet, and a majority of people are willing to take the experimental vaccine. We need action. Although we are better off in terms of food, clothing, and information, we don't own anything. China is swiftly recovering from the crisis, and we will see a political realignment. Our focus will be on working men and women, not the elites on Wall Street, corporate America, or the party of Davos.