Chinese leader Xi Jinping says there will be Day one ofDavos, and it's clear one of the biggest themes at this year's alpine event is globalisation and how to defend it against a rising tide of protectionism.
China's leader, Xi Jinping, set the tone for the week long conference in an impassioned speech, sprinkled with Chinese proverbs, metaphors and historical references. "No one will emerge as a winner in a trade war," he told delighted elites from the world of business and finance. "Pursuing protectionism is just like locking one's self in a dark room: wind and rain might be kept outside but so are light and air" no doubt a swipe at Donald Trump, whose election victory in the US Presidential campaign was firmly centred on pledges to boost American jobs and put up trade barriers. President Xialso said economic globalisation hadbecome a "Pandora's Box" for many, but global problems werenot caused by it. He said international financial crises were caused by the excessive pursuit can i buy pandora charms online of profits, not globalisation. "We should not develop a habit of retreating to the harbour whenever we encounter a storm, for this will never get us to the other side of the ocean," he said. "Any attempts to cut off flows and channel the waters of the ocean back into lakes and creeks is simply not possible and runs against historical trends." And finally: "It is important to protect the environment while pursuing economic and social progress to achieve harmony between man and nature, and harmony between man and society." President Xi is the first Chinese leader to attend the World Economic Forum, and he has swept into Davos as the champion of free trade and the unlikely guardian of the international order, throwing down the gauntlet to the incoming Trump administration with a theatrical flourish, notes our man on the where can i find pandora bracelets ground, Ambrose Evans Pritchard. Meanwhile, John Kerry, the outgoing United States Secretary of State, defended the Obama administration's track record and made how much does a pandora charm cost a number of thinly disguised swipes at Dondald Trump. Mr Kerry acknowledged that certain "anxieties" were building in society as a result of the financial crisis and globalisation but that these had prompted some politicians to "blame the wrong targets". Echoing President Xi, he added: "Trade is not to blame for job losses." There were other interesting tidbits at Davos: bankers warning the dollar's strength could lead to financial bailouts in emerging market economies, and business leadersdiscussing how they're navigating Brexit. Finally, Anthony Scaramucci, a member of the US president elect's transition team, said the administration would "restate the agenda for the American dream" as he backed Mr Trump's plans for infrastructure spending and sweeping tax pandora rings australia reforms. Strong US growth will ensure the world's biggest economy remains robust even in the face of a rising dollar, he said. Mr Scaramucci said looser fiscal policy would help to create a "virtuous circle" where growth and a "simpler tax code" led to an "invigorated middle and working class", rising purchasing power and higher consumption, "even if the dollar is going up". He also said a trade deal between the United States and Britain couldbe forged much quicker than the time it usually takes for trade deals. Donald Trump, he said, wasa "hard charger" and hada group of people around him that were"very result oriented". Mr Scaramucci addedthat Mr Trump's message for the EU to stay together following last year's Brexit vote was: "don't command top down from Brussels what should be going on in Manchester or Rome".
On Nato, he said the president electwould do to it what Steve Jobs did with the iPhone in a transformation that will make the current world order work "better". That's it from Davos day one. Stay tuned to our live blog to get the latest on events throughout the week.
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