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How Xi’s economic philosophy promotes global governance

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“The right way forward for humanity is peaceful development and win-win cooperation,” Chinese President Xi Jinping told the 2022 World Economic Forum (WEF) virtual session in mid-January, offering China’s solutions to global challenges, including the COVID-19 pandemic.

“Different countries and civilizations may prosper together on the basis of respect for each other, and seek common ground and win-win outcomes by setting aside differences,” he added.

Xi’s remarks elaborated on “Xiconomics,” or the economics philosophy of the Chinese president, demonstrating China’s commitment to building a harmonious world, promoting common development and enhancing the common interests…

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