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Wednesday, May 8, 2024

Xi to open virtual Davos forum as virus-hit West struggles

President Xi Jinping is headlining the World Economic Forum as China bounces back stronger than western countries from the pandemic.

PARIS: Chinese President Xi Jinping was on Monday slated to open an all-virtual World Economic Forum, with his country still appearing on track to emerge stronger from the coronavirus pandemic that continues to wreak havoc elsewhere.

Monday’s schedule echoes the global economic picture, with Xi headlining as European policymakers — including European Central Bank chief Christine Lagarde and French and German economy ministers Bruno Le Maire and Peter Altmaier — discuss “restoring economic growth”.

US President Joe Biden will be absent from the week-long online gathering, as he tackles urgent and daunting challenges at home.

The January 2020 WEF, which took place in its…

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